Pfizer: The Chart Looks Like A Bottom, But Is The Dividend Safe?

JHVEPhoto  A couple of weeks ago, this blog’s technician (Gary S. Morrow) shot me a message, noting that he thought Pfizer (NYSE:PFE) was putting in a longer-term bottom. The above chart, which is a monthly chart of PFE using Worden’s TC2000 Gold (and is not the chart that was sent to me), shows the stock “oversold” on a monthly basis, and not that many stocks ever get truly oversold on a monthly basis, so you can say it’s an important technical indicator when it happens. Looking at the bottom third of  ...