Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Pfizer's stock (PFE) inched up 0.08% in the last session while trading below the pivotal resistance of 37.23, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 27.90 to 43.01), with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower and target the next support at 35.46, representing the ratio 50% of the same retracement levels, provided the resistance of 37.23 holds on.
Expected trend for today: Bearish