Piizer Holds Steady After Q4 Report

Pfizer Inc.

shares are trading lower by a nickel at $30.12 in Tuesday's session. Despite a Q4 EPS beat of a penny with inline revenues the Street is focusing on its lower FY 2016 guidance. Off its lower open, it immediately found support at $29.55 and began to move higher. That level coincides with last Thursday's low at $29.58. The ensuing rebound did not find resistance until it passed beyond Monday's close ($30.17), reaching $30.34 before consolidating around the $30 area.