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After Yesterday's Rally of 4.19% Shares Could Potentially Pullback

By Nick Russo

Merck & Co (NYSE:MRK) traded in a range yesterday that spanned from a low of $62.80 to a high of $64.55. Yesterday, the shares gained 4.2%, which took the trading range above the 3-day high of $63.00 on volume of 12.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Merck & Co have traded between a low of $55.10 and a high of $66.80 and are now at $64.13, which is 16% 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 & Co and will alert subscribers who have MRK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Merck & Co

Ticker(s): MRK