Pfizer may rise to 31.20 - 31.80

27.6 is our pivot point.

Our preference

The upside prevails as long as 27.6 is support.

Alternative scenario

The downside breakout of 27.6 would call for 26.5 and 25.9.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 27.836 and 28.1538). Finally, Pfizer has crossed above its upper daily Bollinger band (28.6).

Supports and resistances

32.4 **

31.8 *

31.2 **

30.5

28.66 (USD-last)

28

27.6 **

26.5 *

25.9 **

Number of asterisks represents the strength of support and resistance levels.