Pfizer rises in volatile session - Analysis - 08-12-2021

Pfizer's stock (PFE) rose 0.47% in the last session, settling at 51.72, while seeking a bottom to bounce it higher in order to gather momentum, amid negative signals from the RSI, with the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the resistance of 55.65, provided it settles above 51.850.

Expected trend for today: Bullish