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Merck Crosses Above its 10-day MA (MRK)

By Amy Schwartz

Today, shares of Merck (NYSE:MRK) have advanced above their 10-day MA of $62.54 on a volume of 2.1 million shares. This may provide short-term investors a chance 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 $66.80 and are now at $62.88, which is 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.

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