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Healthcare Stocks Technical Analysis
Chart of the Day: Merck Could Be Sickly
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.

Tags: MRK

About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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