Pfizer (PFE) Offering Possible 8.93% Return Over the Next 20 Calendar Days

Pfizer's most recent trend suggests a bearish bias. One trading opportunity on Pfizer is a Bear Call Spread using a strike $36.50 short call and a strike $41.50 long call offers a potential 8.93% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock rose above the $41.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Pfizer is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Pfizer is bearish.

The RSI indicator is at 38.61 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Pfizer

Pfizer buys Durham facility as expansion plans continue to unfold
Thu, 26 Sep 2019 20:18:11 +0000
International biopharmaceutical firm Pfizer (NYSE: PFE) is continuing its expansion in the Triangle with its recent purchase of a property in Imperial Park, set to be the company’s new location for its research site currently based in Chapel Hill.

Protalix Completes Enrollment in Third Fabry Disease Study
Wed, 25 Sep 2019 22:22:10 +0000
Protalix (PLX) completes enrollment in another phase III study of pegunigalsidase alfa (PRX 102) to treat Fabry disease.

Bristol-Myers Squibb Company — Moody's: China's rising demand for drugs will fuel foreign pharma companies' growth into 2023
Wed, 25 Sep 2019 04:37:10 +0000
China's pharmaceutical market will be an important source of growth for the entire global pharma industry over the next five years as regulatory reforms and improving healthcare coverage fuel the country's growing demand for innovative drugs, Moody's Investors Service said today in a new report. Companies with a major China presence already will most benefit thanks to their experience navigating the complex Chinese market and their established sales channels. While strong volume growth is expected for the growing number of drugs included on China's National Drug Reimbursement List, inclusion on the list often implies heavy discounting, potentially placing pressure on profit margins unless offset by volume growth.

Pfizer Declares Fourth-Quarter 2019 Dividend
Tue, 24 Sep 2019 14:19:00 +0000
The Board of Directors of Pfizer Inc. today declared a 36-cent fourth-quarter 2019 dividend on the company’s common stock, payable December 2, 2019, to holders of the Common Stock of record at the close of business on November 8, 2019. Pfizer maintained the dividend from the third-quarter at 36 cents per share. The fourth-quarter 2019 cash dividend will be the 324th consecutive quarterly dividend paid by Pfizer.

Exact Sciences Gets FDA Nod for Label Expansion of Cologuard
Tue, 24 Sep 2019 13:10:01 +0000
Exact Sciences (EXAS) gets FDA approval for use of its noninvasive colorectal cancer screening test, Cologuard, in eligible average-risk individuals aged 45 years or older.

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