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Merck & Co Falls 2.09% on Heavy Volume: Watch For Potential Rebound

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.

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.

In the past 52 weeks, Merck & Co share prices have been bracketed by a low of $66.07 and a high of $87.07 and are now at $84.30, 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

Keywords: rebounders Merck & Co

Ticker(s): MRK