Merck Ready to Resume Long-Term Uptrend

This month shares of Merck (MRK) bounced off their rising 200-day moving average and recaptured their 50-day average. The price momentum and money flow indicators are in positive alignment and the stock looks like is prepared to resume its long-term primary uptrend.

Merck (MRK) Source:
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On the daily chart, the stock can be seen pulling back from its March all-time high and then retracing half of the rally move off the November 2016 low. At that point, it began consolidating under the 38% retracement level of the rally range before breaking above that resistance last week and retaking the 50-day moving average....158 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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