Pfizer range theory works for at least the 31st consecutive year
With a Feb. 6 closing low of $20.95 for 2012, the stock had to have a close at least as high as $25.92 in order for the nearly-infallible 23.7% minimum annual range theory to work. Today's close of $26.04 fulfills the requirement and means that the Theory has worked every single year without fail going back as far as the year 1982. That's a far back as daily prices are shown on the internet. For all I know, the streak could go back a lot further back than that.
Similar-sized stocks like JNJ and IBM have on occasion had years with ranges such as 15% but with Pfizer, the 1988 closing range of 23.7% and the 2007 closing range of 24.1% are the only times in the last 31 years where the range has failed to reach a full 25% as measured from low close of the year to high close of the year.
Leave it to a numbers man extraordinaire like myself to bring this key piece of information to the board. You will never see this in print anywhere else.