Sentiment in the Pharma sector is terrible at the moment, with no sign of changing until possibly after the 2020 elections. Healthcare is a hot topic on the minds off all candidates running for election with differing views on policy and pricing. so we see it as a no go zone. Pfizers chart is very negative with indicators all turned lower and a death cross on the...
MMHVW - I’m thinking of adding some Pfizer shares to my portfolio. Dividends is not bad either at 3.65%. Debt is well covered by operating cash flow (37.6%, greater than 20% of total debt). It is worth noting that the company’s level of debt (66.1%) compared to net worth is high I normally consider less than 40% to be okay.
The general trend is up, however, prices seems to be correcting for a further possible downside continuation after some sell-off. For a long position, it would be prudent to wait for a retest of the channel resistance and then executing the buy trade.
PFE has created a very sharp ascending triangle that has very closely resembles my previous $CHK idea. A great opportunity if you can wait for the dip at $42.80. NYSE:PFE
In our view PFE is a solid core asset holdign in the pharma industry. Interesting dividend yeld of 3.40% and solid cash flow. Our earning estimate for the 2019 are 2.00 dollars per share.
Net annual profit: 11.1 Bilions
Total debt: 42.0 Bilions
Awaiting completion of a what looks to be a very nice inverse head and shoulders for NYSE:PFE .
Notes:
Bullish TA outlook - PFE broke out of a long-term head and shoulders recently, which is clearly visible on the weekly chart
Buy Rating - 10 analysts cover NYSE:PFE . 5 Buy recommendations and 5 Hold recommendations. This has improve gradually over the past...
PFE broke uptrend from may and now trend line has become resistance. Seeing some weakness in this sector recently. Will keep watch but actionable short, in the short term IMO
On the daily chart of Pfizer shares, the price has formed a bearish signal - Saucer (red AO zone), within the beginning of wave 5 in more global wave A. Going short using levels marked on the chart.
I will be posting the stocks that I expect to have a strong market open. I simply use the Megalodon indicator as it offers incredible accuracy. Send me a message if you want to use this indicator as well!
