Pfizer set to fall...?

Pfizer's stock (ticket : PFZ) really doesn't look that healthy. I initially bought some stock at $24 in february, believing that it had bottomed out after the long decline that had lasted a year. I also listened to analysts and institutionals, shouting a $70 or $90 target by 2007 (yeah right!).
Technical indicators show a different picture here. Since the rebound to $28, the stock has shown ever lower tops; as we speak, MACD is well below zero and stochastics are showing a top. The stock remains below the 100-day moving average. All this indicates a selling signal.
If PFE falls below the $25 support level, chances are big it will drop even lower.
Pfizer may be a pharmaceutical giant with a big name and reputation, it's stock looks less good. Fundamentally, more and more product patents will expire in the next years and there are no clear signs of success yet with replacing products.
I played safe and sold my position yesterday at $26.3 ..... let's check back in a couple of months to see if it was a good decision!

