I don't think so. The trend right now is down. Simple as that.
I've got a few hundred shares bought in the thirties. I'll take a nibble in the $39s. but will double the position if we see shares get close to the 52 week low.
There's nothing worse than watching a years worth of dividends get neutralized when your favorite divi stock is going down, that's why I'm careful.
Long term this is a great hold though.
Yes I bought a couple hundred shares at 41.85. I had been wanting to buy some Merck for a long time growth and income play and saw this drop from 43/44 down to 41+ as a good entry point. If it drops more I will buy a little more. If it goes below 40 I think it is a good long term buy with solid dividend and good pipeline.