Pfizer is a bottoming stock that will pay you to wait for the comeback, says Carter Worth

Former pharmaceutical champion Pfizer (PFE) , down 52% from its December 2021 all-time high, is judged to be in the throes of a "bearish-to-bullish" Reversal. Once the most valuable large-cap pharma stock in the world, Pfizer has suffered setback after setback the past three years and at present, at $29.30 a share, is trading now only slightly above its March 2020 Covid low of $26.

32. Of late, the stock "acts well" as the old-time technical expression goes, exhibiting bullish price-volume correlation and good relative strength to its peers in the S & P 500 Pharmaceuticals Industry Group. Pfizer, the laggard the past year: Is now.



.. Pfizer, the leader the past month: By our work, PFE represents a compelling "value play".

And with a 5.73% dividend yield, one "gets paid" to wait as the stock continues to bottom. -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.

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