Merck & Co may rise to 137.70 - 139.80

Our pivot point stands at 127.5.

Our preference

The upside prevails as long as 127.5 is support.

Alternative scenario

The downside breakout of 127.5 would call for 124 and 121.9.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 129.2535 and 128.5566).

Supports and resistances

141.9 **

139.8 *

137.7 **

135.6

130.67 (USD-last)

128.8

127.5 **

124 *

121.9 **

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