PFE Pfizer weekly chart shows the kiss of death; overbot conditions, rising wedge and negative divergence. Looks like the spank down has started. The money flow, however, remains strong so more than likely price will come back up after this intial negative divergence spanking and give the chart an M Top look.
PFE has moved sideways for the most part for many months, many traders consider it dead money to sit here, but the Benanke QE 2 POMO pump scheme announced in late August carried the stock upwards into its top now. High volume candles say it is only fair for price to come down to the 15 to 17 range again, probably as the summer fun arrives. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.