|
MERCK & CO
(MRK-NYSE):
Technical Viewpoint: From a low
of $45.35 on Aug 5, 2002 prices
rallied, reaching a
high of $51.58
on Aug 12, 2002. A
decline saw prices pull back, reaching a
low of
$48.39 on Aug 14, 2002.
Another rally saw prices penetrate
resistance, closing 8/21/02
at $51.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 8, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.00. Resistance: Is at $53.88.
Point & Figure: Reversed to the upside on Aug 8, 2002. A P&F upside
reversal takes place at $49.00. Summary: Technical indicators have turned bullish. BUY! MERCK & CO
(MRK-NYSE) @ $52.25 Stop: Use a protective stop of $49.75.
MERCK & CO is currently trading @ $51.88 plus $1.24 on Aug 21, 2002. Price Objective:
$69.00. Risk/Reward: $2.50 VS. $16.75. Today's Risk Reward Ratio: 7:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69.00
Risk/Reward:
$2.50 VS. $16.75
Risk/Reward Ratio:
7:1
|
