Pfizer tries to shake off negative pressures - Analysis - 11-05-2022
Economies.com
2022-05-11 12:18PM UTC
Pfizer's stock (PFE) after preparing to acquire Biohaven for $11.6 billion in cash, causing a 68.4% spike in Biohaven shares.
The stock is trading alongside the main upward trend line, with positive signals from the RSI, while trading below the 50-day SMA.
Therefore we expect more gains for the stock, targeting the first resistance at 55.70.
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Expected trend for today: Bullish
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