Pfizer, Microsoft and Procter & Gamble Move Upward despite Negative Dow Jones

Investors remained mixed on Tuesday as Dow Jones fell 0.55 percent after a volatile session to close at 11,954.94. Standard & Poor’s 500 index fell 0.87 percent or 10.74 points to 1,225.73 while NASDAQ Composite declined 1.26 percent or 32.99 points to 2,579.27 for the day. Despite negative closing by DJIA following Dow Jones components attracted investors.

Pfizer Inc (NYSE:PFE) was the top gainer at Dow Jones Industrial Average and surged 1.81 percent to close at $20.76 in yesterday’s session. The traded volume stood at 69.08 million shares as compared to its average traded volume figure of 46.80 million shares per day. The share price moved 8.06 percent above its 50-days simple moving average after yesterday’s surge. Its relative strength index of 63.55 indicates that the stock is trading near its overbought level.

Microsoft Corporation (NASDAQ:MSFT) gained 0.98 percent to close at $25.76 with traded volume of 54.47 million shares per day. The share price on average trades with volume figure of 55.90 million shares per day. The share price is trading at relative strength index of 50.61 which depicts that the Microsoft has considerable margin for more upward movement.

The Procter & Gamble Company (NYSE:PG) advanced 0.65 percent to close at $64.73 in yesterday’s session. The traded volume stood at 10.87 million shares as compared to its average traded volume figure of 9.68 million shares per day. The share price moved 1.58 percent above its 50-days moving average and is trading at a relative strength index of 55 times.

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Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

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