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After Yesterday's Decline of 2.09%, Merck & Co Offers Investors Better Value

By Amy Schwartz

Merck & Co (NYSE:MRK) traded in a range yesterday that spanned from a low of $84.30 to a high of $85.64. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $84.52 on volume of 3.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Merck & Co share prices have moved between a 52-week high of $87.07 and a 52-week low of $66.07 and are now trading 28% above that low price at $84.30 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

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: rebounders Merck & Co

Ticker(s): MRK