Pfizer's stock (PFE) fell in the intraday levels, recording a loss of 1.02% in the last session, or 0.37 points, as the stock seeks a bottom to bounce it higher anew, amid the dominance of the upward correctional trend in the medium and short terms, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, provided it settles back above 36.19, targeting the pivotal resistance of 37.19.
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McDonald's stock (MCD) rose in the intraday levels, scoring a profit of 0.22% in the last session, or 0.37 points, as the stock settles above 164.73, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.
MoreIBM's stock spiked in the intraday levels, scoring a hefty profit of 8.86% in the last session, or 12.99 points, and smashing through the resistance of 155.81, which represents the ratio 38.2% of Fibonacci retracement levels for a descending wave in the short term (from 182.79 to 139.13), with positive support from the 50-day SMA, while a positive divergence starts forming in the Stochastic indicator as shown below the attached chart.
MoreMorgan Stanley's stock (MS) rose in the intraday levels, scoring a fresh profit of 2.10% in the last session, or 1.03 points, amid the dominance of the main upward trend in the medium and short terms, with positive signals from the RSI, coupled with positive pressure from the 50-day SMA.
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