Merck & Co may rise to 129.90 - 133.90

Our pivot point stands at 110.9.

Our preference

Short term rebound towards 129.9.

Alternative scenario

Below 110.9, expect 104.3 and 100.4.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (114.263) but under its 50 day moving average (122.1948).

Supports and resistances

137.9 **

133.9 *

129.9 **

125.9

116.27 (USD-last)

113.6

110.9 **

104.3 *

100.4 **

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