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Look for Shares of Merck & Co to Potentially Rebound after Yesterday's 1.48% Sell Off

By Amy Schwartz

Merck & Co (NYSE:MRK) traded in a range yesterday that spanned from a low of $54.51 to a high of $55.42. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $54.70 on volume of 5.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Merck & Co has traded in a range of $53.12 to $66.80 and is now at $54.52, 3% above that low. 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