|
MERCK & CO
(MRK-NYSE):
Technical Viewpoint: From a low
of $60.94 on Aug 11, 1999 prices
rallied, reaching a
high of $70 7/8
on Sep 7, 1999. A
decline saw prices pull back, reaching a
low of
$64.06 on Sep 30, 1999.
Another rally saw prices penetrate
resistance, closing 10/8/99
at $73 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 6, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $69 1/4. Resistance: Is at $75.00.
Point & Figure: Reversed to the upside on Oct 1, 1999. A P&F upside
reversal takes place at $72.00. Summary: Technical indicators have turned bullish. BUY! MERCK & CO
(MRK-NYSE) @ $74 1/2 Stop: Use a protective stop of $71 5/8.
MERCK & CO is currently trading @ $73 3/4 plus $2 7/8 on Oct 8, 1999. Price Objective:
$88.00. Risk/Reward: $2 7/8 VS. $13 1/2. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$88.00
Risk/Reward:
$2 7/8 VS. $13 1/2
Risk/Reward Ratio:
5:1
|
