|
MERCK & CO
(MRK-NYSE):
Technical Viewpoint: From a high
of $61 7/8 on Apr 17, 2000 prices
declined, reaching a
low of $72.81
on Apr 25, 2000. A
rally saw prices pull back, reaching a
high of
$66 3/4 on May 10, 2000.
Another decline saw prices penetrate
support, closing 5/19/00
at $72.44. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Apr 3, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $67.00. Resistance: Is at $75 7/8.
Point & Figure: Reversed to the downside on May 16, 2000. A P&F downside
reversal takes place at $69.00. Summary: Technical indicators have turned bearish. SELL! MERCK & CO
(MRK-NYSE) @ $73 1/8 Stop: Use a protective stop of $70 1/2.
MERCK & CO is currently trading @ $72.44 minus $2.50 on May 20, 2000. Price Objective:
$82.00. Risk/Reward: $2 5/8 VS. $8 7/8. Today's Risk Reward Ratio: 3:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$82.00
Risk/Reward:
$2 5/8 VS. $8 7/8
Risk/Reward Ratio:
3:1
|
