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

By David Diaz

Today, shares of Merck & Co (NYSE:MRK) have crossed bearishly below their 10-day moving average of $84.31 on a volume of 1.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Merck & Co share prices have been bracketed by a low of $66.10 and a high of $87.35 and are now at $84.05, 27% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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