Friday, February 3, 2012

PFE Trade Update

PFE was a trade idea from Jan 31, so far it's doing better then it looks, being down everyday since the idea despite the market. These trades that buck the market, even a little are usually the ones that really gain steam when they align with the market.

 This is what PFE looked like on Jan 31st as of the close. RSI was negative as well as 3C and it appeared we'd see a nice rounding top develop.


 This was the X-over screen short signal on the same day with RSI negatively divergent as well.

 This is PFE as of today and still looking good in the Trend Channel, which I would continue to use as a stop, currently at $21.70

 I would consider a new position or an add to on any strength toward the yellow 10-day moving average as this is rounding over beautifully.

Here's volume rounding over as well.

Because of its size, PFE is a good candidate for some long dated Puts.

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