Merck & Co may rise to 137.60 - 139.40

Our pivot point stands at 127.8.

Our preference

The upside prevails as long as 127.8 is support.

Alternative scenario

Below 127.8, expect 124.7 and 122.9.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 129.9295 and 127.7616).

Supports and resistances

141.3 **

139.4 *

137.6 **

135.6

131.09 (USD-last)

129.1

127.8 **

124.7 *

122.9 **

Number of asterisks represents the strength of support and resistance levels.