Pfizer Trading Above 50-Day SMA: Is it a Good Time to Buy the Stock?

Key Takeaways PFE is trading above its 50- and 200-day averages, signaling a potential short-term bullish trend.Recent gains follow the Metsera acquisition and a drug pricing agreement with the U.S. administration.Pfizer's new products and acquisitions support its outlook despite COVID softness and LOE risks. Pfizer (PFE) stock has been trading above its 50-day moving average since early November, indicating a potential short-term bullish trend. The 50-day SMA is a key indicator for traders and analysts, us ...