Merck Bullish Moving Average Crossover Alert (MRK)
Merck (NYSE:MRK) crossed over its 10-day moving average of $58.69 on a volume of 1.9 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Merck have traded between a low of $45.69 and a high of $61.70 and are now at $58.86, which is 29% above that low price. 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 11.6%. We continue to monitor MRK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Merck