This move happened on lower volume, as yesterday’s volume was down 10.23% from the day before — and down 3.02% from the same day the week before.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 12.24% from the day prior, and up 3.44% from the same day the week before.
Or to view things another way, note that out of the past 14 days merck & co inc’s price has gone up 10 them.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
The change in price came along side change in volume that was down 1.41% from previous day, but up 71.06% from the tuesday of last week.
As for how volume fared, yesterday’s volume was up 90.03% from the previous day (sunday), and up 15.76% from monday of the week before.
This move happened on lower volume, as yesterday’s volume was down 8.14% from the day before — and down 51.08% from the same day the week before.
Here, we have a company that has just aced its phase 3 trial in a fashion that is exceedingly rare in all indications, let alone a very difficult oncology indication called stem cell mobilization.
2 price action traders may also wish to note that we see a doji candlestick pattern on merck.
Y'know, yer name rhymes with so many other words.