• Return to Headlines

Look for Shares of Merck & Co to Potentially Rebound after Yesterday's 2.05% Sell Off

By James Quinn

Merck & Co (NYSE:MRK) traded in a range yesterday that spanned from a low of $61.22 to a high of $62.38. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $62.01 on volume of 5.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Merck & Co have traded between a low of $52.83 and a high of $66.41 and are now at $61.42, which is 16% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Merck & Co on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.21. Since that recommendation, shares of Merck & Co have risen 7.5%. We continue to monitor MRK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Merck & Co

Ticker(s): MRK