PFE- Potential very low Risk:Reward swing trade incoming?Hello all. As you can see I've been all about the low risk, simple swing trades these days! I believe if PFE hits the first green zone and stays in the channel, this should be a simple trade within the channel. I believe it may hit at least it's previous high, putting this swing at 30% profit if executed properly. This would be a good one to just do a partial profit take, or let it ride to see where it ends up with a conservative trailing stop. The continued growth is obvious and well, they make Viagra, sooo.....
PFE
Pfizer: Steady buy in a volatile market. Target $48.Pfizer has been among the top stocks during this year's market correction. Recently it has been trading within a 1D Channel Up which just priced its Higher Low (RSI = 48.610, MACD = 0.230, highs/Lows = 0.0000). Assuming it will print an identical Higher High next on +3.60%, we have a long target of $48.00 by mid January. Note that Pfizer also packs a decent quarterly dividend (yields 3.1%).
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Comments and likes are greatly appreciated.
PFE Covered StrangleIn May I'd sold a covered call on PFE for debt of 32.50 (expired). I'd also had 1 lot from a year ago at 34.76. (Adjusted cost basis for 2 lots @ 33.63 )
I sold 32/34 Sep strangle for 50c before earnings for break-evens at 31.50 & 34.50. Today's current 1SD range by Sep expiry is 32-35, highlighted orange above.
Possible outcomes:
1) Ideally the stock will rally above 34, with 1 lot called away at 34 for a small 1% gain on the position and theoretical unlimited profit on the second lot.
2) It stays between the 32 & 34 strikes until expiry and collect the full $50 credit. Might not seem like much but by selling these against the stock each quarter could bring in an extra 6% annually. If you're good it can be done twice as often as that!
3) Stock drops > 3% below the put strike and I'm assigned another lot of shares at 32 which averages down my overall cost basis on the stock.
4) The entire market crashes and the stock falls to 0...
I do like the fundamentals of PFE and am willing to make a longer term investment. CFRA gives the stock a current fair value of $33 and Trefis price estimate is $34.60.
The stock currently yields a 3.9% dividend and currently has a free cash flow yield over 6%.
PFE @ daily @ BreakedDown mostly (30 dow shares) last weekThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Break Downs (Dow Jones Index incl. all shares)
drive.google.com
Best regards :)
Aaron
PFE - Pfizer to scare the crowd?After the last high, price dropped like a stone in the water.
The last move signifies looks to me like the last puke, to scare the crowd out of the position.
If you think - a market specialist has all the money he needs to manage the market to the big players favor.
But there is one thing that makes me ummmmm.....
...watch the last huge bar in the orange part. It's a huge up- move. Along with the exact test of the L-MLH I would say, that there must sit big supporters.
Swing wise, no lower low is broken yet.
To me these are all signs for a nice and cosy long, with a stop below the base (27/25) for a longer play.
P!






















