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Bullish Moving Average Cross by Merck & Co (MRK)

By Amy Schwartz

Merck & Co (NYSE:MRK) shares have crossed bullishly above their 10-day moving average of $78.21 on a volume of 210K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Merck & Co share prices have been bracketed by a low of $57.49 and a high of $83.85 and are now at $78.41, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Merck & Co and will alert subscribers who have MRK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Merck & Co

Ticker(s): MRK