PFE was a short idea from 1/31 and again on 2/3, it is one of the worst performing stocks in the Dow today and looks like it is getting ready to start its next leg down (I think it's still in a good risk/reward position for a new short or add-to).
The two trade dates in red and a bounce under the 50 m.a.
This was the original crossover short signal that remains intact.
This is the longer term view of what looks to be a fairly significant top....Note the 3C breakdown recently in the consolidation.
And here's the short term break down in the consolidation.
PFE looks like it will start a new leg down soon and it hasn't even really broken the top to enter a solid downtrend yet, so there should be some decent downside.
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