Merck & Co Inc (MRK) Heads Up For the 2nd Day In A Row, in an Uptrend Over Past 14 Days; is Inching Close to 100 Day Average

Merck & Co Inc Daily Price Recap

Merck & Co Inc is up 0.55% ($0.46) since the previous day, marking the 2nd day in a row it has gone up. The price move occurred on stronger volume; specifically, yesterday’s volume was up 62.45% from the day prior, and up 49.1% from the same day the week before. Here is a daily price chart of Merck & Co Inc.

Merck & Co Inc Technical Analysis

Notably, Merck & Co Inc is now close to its 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about MRK:

    $IBB
    Barrons: In a Pandemic, Pharma’s Strengths Emerge: Pipelines With Essential Drugs.

    The pharmaceutical industry may be one of the best places to take shelter as COVID-19 ravages the economy, given its focus on new products, a promising sales outlook, and low price/earnings ratios, Bill Alpert writes in this week's edition of Barron's. After lagging behind the market in 2019, stocks like $MRK $PFE and $LLY have outperformed the S&P 500 index since the coronavirus disruption began.
    https://www.barrons.com/articles/big-pharma-sees-its-strengths-surface-in-the-pandemic-51587165651