Shares of Pfizer Inc. (PFE) have broken out over their December 2020 highs Wednesday and one long-time Real Money subscriber asked me what price targets due I see now after the company reported earnings.
Let's look at two Point and Figure charts.
In this daily Point and Figure chart of PFE, below, we can see a potential upside price target in the $61 area. A substantial price appreciation from current levels.
In this weekly Point and Figure chart of PFE, below, we can see an impressive $94 price objective.
In this long-term bar chart of PFE, below, we can see that prices are in position to break out over the historical peaks of 1999 and 2000.
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