|
MERCK & CO
(MRK-NYSE):
Technical Viewpoint: From a low
of $44.44 on Sep 24, 2002 prices
rallied, reaching a
high of $48.75
on Sep 26, 2002. A
decline saw prices pull back, reaching a
low of
$43.35 on Oct 9, 2002.
Another rally saw prices penetrate
resistance, closing 10/25/02
at $52.91. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 16, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $50.50. Resistance: Is at $54.00.
Point & Figure: Reversed to the upside on Oct 14, 2002. A P&F upside
reversal takes place at $50.25. Summary: Technical indicators have turned bullish. BUY! MERCK & CO
(MRK-NYSE) @ $53.13 Stop: Use a protective stop of $52.91.
MERCK & CO is currently trading @ $52.91 plus $2.42 on Oct 25, 2002. Price Objective:
$70.50. Risk/Reward: $2.50 VS. $17.38. 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:
$70.50
Risk/Reward:
$2.50 VS. $17.38
Risk/Reward Ratio:
7:1
|
