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Watch for Merck & Co to Potentially Rebound After Falling 1.31% Yesterday

By David Diaz

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.

Merck & Co share prices have moved between a 52-week high of $66.80 and a 52-week low of $52.83 and are now trading 12% above that low price at $59.01 per share. Over the past week, 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