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

By Amy Schwartz

Merck & Co (NYSE:MRK) crossed under its 10-day moving average of $82.33 on a volume of 1.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Merck & Co has traded in a range of $62.01 to $87.07 and is now at $81.69, 32% above that low. The 200-day and 50-day moving averages have moved 0.29% higher and 0.25% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Merck & Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Merck & Co in search of a potential trend change.

Keywords: moving crosses Merck & Co

Ticker(s): MRK