• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Merck & Co After 1.31% Loss

By Amy Schwartz

Merck & Co (NYSE:MRK) traded in a range yesterday that spanned from a low of $58.88 to a high of $59.78. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $58.90 on volume of 3.2 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, Merck & Co share prices have been bracketed by a low of $52.83 and a high of $66.80 and are now at $59.01, 12% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

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