Top Swing Trade For The Week: Pfizer (PFE)

Numerous bullish technical signals are appearing on the Pfizer, Inc. (PFE) daily chart.

Pfizer is trading at levels it was trading at back in 2013. The fall on Pfizer began as the Covid pandemic fear subsided and the need for the vaccine faded. Since Trump's election, Pfizer has seen some additional downside as Robert F. Kennedy Jr. (RFK) will likely look to make it tougher on vaccine makers.

All this negative news has driven Pfizer to levels that appear extremely attractive. Pfizer trades at a forward price-to-earnings of 9 with a dividend yield of 6.5%.

The most exciting aspect of this swing trade buy is the chart. The chart of Pfizer has broken above a key breakout trend line at $26.45. It broke out in late December 2024. Since then, Pfizer has formed a beautiful bull flag. Bull flags signal accumulation. It is likely that institutions are accumulating shares as retail worries about the policies of the next administration. With a 6.5% dividend yield, this would live up to a Warren Buffet type investment opportunity.

Pfizer should head higher above $30 in the near-term.