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

By Shiri Gupta

Today, shares of Merck & Co (NYSE:MRK) have crossed bearishly below their 10-day moving average of $84.21 on a volume of 2.0 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.

In the past 52 weeks, Merck & Co share prices have been bracketed by a low of $59.80 and a high of $86.50 and are now at $83.38, 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Merck & Co on May 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.08. Since that recommendation, shares of Merck & Co have risen 8.1%. We continue to monitor MRK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Merck & Co

Ticker(s): MRK