There is a battle taking place at 22 in PFE.  The stock has been knocking on the door since late December, and it making a move once again today.  Given the previous reactions to a push towards 22, probability favors a sell side reaction at this price level.  Therefore today’s upside push provides a solid entry price for a bearish position in PFE. Implied volatility levels are extremely low (21.44% in Apr), but that goes for most of the market at the moment.  If you’re looking for a trade opportunity, PFE may fit the bill for you.

There is a battle taking place at 22 in PFE.  The stock has been knocking on the door since late December, and it making a move once again today. 

Given the previous reactions to a push towards 22, probability favors a sell side reaction at this price level.  Therefore today’s upside push provides a solid entry price for a bearish position in PFE.

Implied volatility levels are extremely low (21.44% in Apr), but that goes for most of the market at the moment.  If you’re looking for a trade opportunity, PFE may fit the bill for you.

Tags: pfe pfizer resistance 22