• Return to Headlines

Merck Bearish Moving Average Crossover Alert (MRK)

By David Diaz

Merck (NYSE:MRK) shares have crossed bearishly below their 10-day moving average of $63.51 on a volume of 3.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Merck share prices have moved between a 52-week high of $66.80 and a 52-week low of $45.69 and are now trading 39% above that low price at $63.40 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 is tracking the current trend status for Merck and will alert subscribers who have MRK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Merck

Ticker(s): MRK