Pfizer Inc. (PFE) stock price extended its gains in its latest intraday trading, supported by a previous breakout above the key resistance level at $27.65. Positive dynamic support remains intact as the stock trades above its 50-day SMA, reinforcing the stability and dominance of the primary bullish trend in the medium term, especially with price moving alongside a supporting trendline. In addition, positive signals continue to emerge from the Stochastic indicator, despite reaching extremely overbought levels.

Accordingly, we expect the stock price to rise during its upcoming trading sessions, as long as it remains stable above $27.65, targeting the first resistance level at $29.00.

Todays price forecast: Bullish