Merck May Be Offering a Trading Opportunity With Its Cross Below Its 50 Moving Average

2 mins read

The Daily View for Merck At the time of this writing, MRK’s price is up $0.25 (0.33%) from the day prior. The daily chart shows that Merck has seen 3 straight up days. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes. Price action traders may also wish to note that we see a pin bar candlestick pattern on Merck. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often…

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