Pfizer’s stock price (PFE) rose in latest intraday trading and tackled the pivotal resistance of $24.50, amid the dominance of the upward correctional wave in the short term, with ongoing positive pressure due to trading above the 50-day SMA, coupled with positive divergence from the Stochastic after reaching oversold levels compared to the stock’s movements. 

Therefore we expect the stock to rise as long as it breaches the aforementioned resistance of $24.50, targeting the next one at $26.50.

Today’s price forecast: Bullish

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