Stock Of The Day: Is Pfizer About To Break Out? Expect A New Uptrend If Resistance Breaks

Group 1 - Pfizer Inc. shares are experiencing a significant upward movement, potentially indicating a breakout and a new uptrend [1] - The company has reaffirmed its guidance, projecting annual sales between $61 billion and $64 billion and earnings per share between $2.75 and $2.95, aligning with market estimates [1] - The stock is currently testing a resistance level around $26.30, and a breakout above this level could signal the formation of a new uptrend [1] Group 2 - A stock trending higher indicates that demand exceeds supply, with more buy orders than sell orders [2] - At resistance levels, there is a concentration of sellers, which can halt or pause rallies as supply meets demand [2] - A breakout occurs when the price surpasses a resistance level, indicating that the selling pressure has diminished, potentially leading to a new uptrend [2]