Pfizer: a stock to buy now

Pfizer: a stock to buy now

2021-01-15 • Updated

Traders often ask “how do I know the right moment to buy”. A local low in a large uptrend – that’s when you buy. Pfizer’s stock price performance gives a perfect example on the daily chart below.

Here is how the story goes. At the end of 2020, Pfizer resulted to be the main vaccine producer. Its stock soared above $40 – twice. After that, it dropped to the area at $36 undoing all the gains. Why?

First, the market stopped being emotional. Having a vaccine is perfect but it doesn’t solve the problem of the virus – not yet.

Second, Pfizer’s CEO said the earnings in 2021 are probably going to be less than expected. The market got disappointment, the price cooled off. Standard story.

Nevertheless, in the long run, the company seems to be a good bet. At least, from the commercial point of view: it’s planning to increase the production of the vaccine to meet demand. That makes it a potentially good buy, in general.

Therefore, there are valid reasons to expect this stock to get up to $43 again. When? Extending the trend below says a couple of months may take it. It may be sooner, of course, but you don’t go with optimistic projections all the time, do you?

PFIZERDaily.png

Now, just to make it more clear: the video below explains in more details the abovementioned elements. Watch it, and act on it!

Don't know how to trade stocks? Here are some simple steps.

  1. First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area.
  3. Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
  4. Start trading!

                                                                                                     LOG IN

Pfizer: a stock to buy now

Similar

Latest news

Gold: trade the sideways move
Gold: trade the sideways move

How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera