Down -11.04% in 4 Weeks, Here's Why You Should You Buy the Dip in Pfizer (PFE)
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Pfizer (PFE) has seen a significant decline of 11.04% over the past four weeks, making it technically oversold. This suggests a potential trend reversal, especially as Wall Street analysts are revising earnings estimates higher.
November 13, 2024 | 4:00 pm
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Pfizer's stock has dropped 11.04% in the last four weeks, making it technically oversold. Analysts are revising earnings estimates higher, suggesting a potential trend reversal.
The stock's oversold status indicates that the selling pressure may have been exhausted, and the upward revision of earnings estimates by analysts suggests improved future performance, which could lead to a price increase.
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