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) fell in the intraday levels, recording a loss of 0.03% in the last session, or 0.01 points, and piercing a negative pattern's support in the short term, the Rising Wedge pattern, while settling below the resistance of 32.82, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (from 28.25 to 37.39), with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the support of 31.74, which represents the ratio 61.8% of the same retracement levels.