1
PFE stock Price is struggling to escape the resistance mark of $00.
2
Pfizer, Inc. (PFE: NYSE) facing selling pressure; and is heading toward the lower levels.
3
Bulls are losing strength and gains.
PFE stock price has been showing a strong downtrend, losing the gains it had made below the key moving averages. The stock has been in a bearish mode for the year, making lower highs and lower lows, and failing to break above the upper trendline that has kept it in the downward channel.
The price action indicates that the stock has faced more selling than buying, and the buyers have been unable to reverse the trend. The sellers have dominated the market and continued to short the stock.
At press time, PFE stock was trading at $34.37 with an intraday loss of 2.85% breaking below the 50-day EMA, showing bearishness on the charts. Moreover, the intraday trading volume is 35.37 Million, and the average 10-day volume of 21.485 Million. The mark
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