During Friday's Mad Money program Jim Cramer laid out his game plan for the stock market this week. The highlights on Tuesday include Pfizer (PFE) and Merck (MRK) , along with Caterpillar (CAT) , Microsoft (MSFT) and Stanley Black & Decker (SWK) .
Cramer was anxious to hear an update on Pfizer's Covid vaccine and I am anxious to see how prices act if they decline a little bit further. Let's check out the charts.
In the daily bar chart of PFE, below, we can see that the shares are just slightly above the declining 50-day moving average line and the declining 200-day moving average line.
The On-Balance-Volume (OBV) line has been in a decline since late July and the Moving Average Convergence Divergence (MACD) oscillator is only slightly above the zero line.