Special Dividend? Anyone know if PFE is paying out before year end?
Pfizer is working on a string of AT LEAST 31 consecutive years where the annual closing range as measured from the low close of the year to the high close of the year has been at least 23.7%. Daily prices only go back as far as 1982 and so the streak may be even longer than 31 consecutive years.
In 2012, the low close of the year was the $20.95 seen on Feb. 6. With that low, Pfizer needed to see at least $25.95 on a closing basis and indeed a $26.04 close was seen on Oct. 18 to keep the streak alive. 2012 in fact was only the third year of the 31 where the closing range has failed to be at least 25%.
Looking at the charts, there is very strong visible support in the $23 area. If that proves to be the low close in 2013, the odds are very very good that a closing high at least as high as $28.45 will be seen. I definitely would NOT be sellling at these prices.