Merck (MRK) Closes Last Hour Down $-0.36; Crosses 20 Day Moving Average, Moves Up For the 2nd Consecutive Day, in an Uptrend Over Past 90 Days

The Hourly View for MRK

Last Updated September 16, 2020, 23:9 GMT

At the time of this writing, MRK’s price is up $0.73 (0.87%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Merck & Co Inc Daily Price Recap

Merck & Co Inc closed the previous day up 1.62% ($1.36); this denotes the 2nd consecutive day an increase has occurred. The change in price came along side change in volume that was down 4.35% from previous day, but up 10.63% from the Tuesday of last week. Below is a daily price chart of Merck & Co Inc.


Merck & Co Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Merck & Co Inc crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Merck & Co Inc’s price has gone down 16 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to MRK:

    $NWBO beautiful accumulation chart on the verge of Top Line Data for p3 GBM immunotherapy drug. 20x potential here if positive. Nice risk reward $MRK $GILD $AZN $BMY $IMMU #billions