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Merck & Co Crosses Below its 10-day MA (MRK)

By Nick Russo

Merck & Co (NYSE:MRK) shares have crossed bearishly below their 10-day moving average of $80.01 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Merck & Co share prices have moved between a 52-week high of $92.64 and a 52-week low of $72.23 and are now trading 10% above that low price at $79.12 per share. The 200-day and 50-day moving averages have moved 0.01% higher and 0.73% lower over the past week, respectively.

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: moving crosses Merck & Co

Ticker(s): MRK