Today, Pfizer (NYSE: PFE) announced their 2Q 2010 earnings. Earnings per share amounts to US$0.62, 10 cents higher than the expected 52 cents EPS. It is also higher than the 48 cents EPS a year ago. This is positive development for Pfizer after the inverted head & shoulders bullish chart pattern being observed at Pfizer's price chart in this blog entry.
The stock price jumped 3.55% at US$16.05 at market open. It is good development, but don't be overjoyed. When a stock's price goes euphoric, it is time to keep your eyes wide open and find out ways to hedge against any adverse developments.
Happy investing!
Tuesday, August 3, 2010
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