Pfizer strives to shake off negative pressures - Analysis - 16-05-2018

Economies.com
2018-05-16 12:52PM UTC

Pfizer's stock (PFE) fell in the intraday levels, registering a loss of 0.47% in the last session, or 0.17 points, after touching the resistance of the 50-day SMA, as the stock tries to gather momentum to help it shake off negative pressure from that SMA, with positive signals from the RSI, coupled with the dominance of the main upward trend in the medium and short terms. 

 

Therefore we expect the stock to return higher, targeting the resistance of 36.99, as long as the support of 34.63 holds on. 

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