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Merck & Co Crosses Below its 10-day MA (MRK)

By Nick Russo

Merck & Co (NYSE:MRK) crossed under its 10-day moving average of $61.95 on a volume of 2.8 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Merck & Co share prices have moved between a 52-week high of $66.41 and a 52-week low of $52.83 and are now trading 17% above that low price at $61.67 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Merck & Co on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.21. Since that recommendation, shares of Merck & Co have risen 7.5%. We continue to monitor MRK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Merck & Co

Ticker(s): MRK