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Bullish Moving Average Cross by Merck (MRK)

By Amy Schwartz

Today, shares of Merck (NYSE:MRK) have crossed bullishly above their 10-day moving average of $61.75 on a volume of 4.7 million 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.

Merck share prices have moved between a 52-week high of $64.86 and a 52-week low of $45.69 and are now trading 35% above that low price at $61.86 per share. The 200-day and 50-day moving averages have moved 0.15% lower and 0.64% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Merck on March 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.34. Since that recommendation, shares of Merck have risen 16.1%. We continue to monitor MRK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Merck

Ticker(s): MRK