Chart of the Day: Merck Could Be Sickly
Can Anything Stop General Motors?
General Motors has quietly outperformed for months, and traders may think the auto giant still has gas in the tank.
Individuals
Institutional
Call toll-free 800.328.1267
Market Insights
Opportunity knocks for those with trading in their DNA.
Curiosity creates opportunity. Insights create strategy. Born traders create their destiny.
David Russell
December 17, 2024
Merck has struggled for most of the year, and now some traders may look for another push to the downside.
The first pattern on today’s chart is the series of higher lows from mid-November through early last week. MRK has dropped below that line, which may be viewed as a …
For more, please click here to view the related idea and chart analysis on TradingView.
Merck (MRK), daily chart, with selected patterns and indicators, courtesy of TradingView.
About the author
Related stories
Chart of the Day: Regional Bank May Be Climbing
U.S. Bancorp hit a four-year high last week, and some traders may see further upside in the Upper Midwest lender.
MCP Brings AI to Brokerage Accounts
One of the newest advances in artificial intelligence has come to the brokerage industry.