Pfizer touches SMA resistance - Analysis - 22-05-2018

Pfizer's stock (PFE) rose in the intraday levels, scoring a profit of 0.45% in the last session, or 0.16 points, amid the dominance of the main upward trend in the medium and short terms, with positive signals from the Relative Strength Index, touching thereafter the resistance of the 50-day SMA in an attempt to shake off its negative pressure. 

Therefore we expect more gains for the stock, as long as the support of 34.63 holds on, targeting the resistance of 37.30.