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novvoll12

MRK - Attempting to retest 3-year range high at 88-90 area

Long
Merck & Company, Inc. (NYSE:MRK)  
novvoll12  
NYSE:MRK   Merck & Company, Inc.
Trend Analysis
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trendanalysis
Mrk has been making higher lows over the past three years of consolidation between the 70 and 90 range. After finding support at the 200 day MA, the stock could rally toward the range high at the 88 area for a retest. The major resistance is the 92 (year 2000 peak) and 91.4 (Nov 2021 peak).
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