We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
Health Care continues to lead. Sector leaders like Johnson & Johnson and Eli Lilly are already trading at or near their all-time highs.
It may be time for some of the laggards to catch higher as the leaders catch their breath.
Here’s today’s standout:
Pfizer $PFE is currently exhibiting a Long-Term Squeeze Score of 81.7.
Pfizer has been dead money for years. A formerly beloved blue chip, it’s been locked in a downtrend since topping out in late 2021.
But now, the ingredients are right for a bottom to be printed.
Sentiment is washed out, and health care has flipped from lagging to leading in a very aggressive way.
PFE is currently pinned in a tight coil between two key AVWAPs from its recent high and low points. This is what they call a VWAP pinch, and it’s one of our favorite setups.
We’ve been early in this name, and we’re still in some January calls. The stock is setting up again, and we’re watching our signals for a potential opportunity to double down.
