Stocks
Merck's Stock Price Reaches New High, But Easy Gains May Be Behind It
Merck's stock price has been on an upward trend, but recent chart analysis suggests that the easy part of the move may already be behind it.
The company's shares have risen to $149.86 USD, up 1.42% on the day and 17.29% over the past month.
According to technical indicators, Merck is in an uptrend, with the SMA20 at $140.56 sitting above the SMA50 at $132.16.
The momentum picture is supportive, but not euphoric, with the RSI at 63.7 described as neutral and the Stochastic %K at 74.8 and %D at 72.1 sitting near the upper end of the scale.
The MACD indicator is a positive trend-following gauge that suggests upward momentum is still in place, but the oscillators are aligned more with continuation than with overheating.