• Return to Headlines

Watch for Merck & Co to Potentially Rebound After Falling 2.05% Yesterday

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.

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.

In the past 52 weeks, Merck & Co share prices have been bracketed by a low of $52.83 and a high of $66.41 and are now at $61.42, 16% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.87% higher over the past week, respectively.

Keywords: rebounders Merck & Co

Ticker(s): MRK