$54 is the new $60
How is it easy money you lost 5 points? Your just regaining losses at this point
$54 is the price
MRK is down 7 points this week and your holding the bag and you have time for this?
Really? You think anyone buys this nonsense Nobear? Maybe you should researching MRK stock and how you just lost 7 points in 5 days????
All MRK is doing now is lower lows and lower highs. $40's are in the cards for MRK.
What I see is that MRK is down 7 points in 5 days nothing to celebrate!
Gap up? MRK should be back at $57? MRK now is just regaining yesterdays losses damage is done price now is $54.
MRK followed market up and traded in a tight range of $57.5 to $60 once that support broke $57.5 next support was $54 once that broke its trying to find support now. But its a situation of lower highs and lower lows, technical damage has been done. No longer following the market. I think its going to $40's no catalyst to hold it in $50's and better places to put money now. You can get AAPL, WMT, JNJ, and NFLX on sale now why buy MRK.
The correction is just under way and MRK not responding. NOT the time to be buying if anything buy the Sept monthly PUTS
I agree I don't think MRK can hold $50's. It followed the market up and traded in a tight range. Now market is down MRK's financial engineering cannot move it up. MRK's core business and management will be exposed. Might hit $40's before the end of the week lower highs and lower lows....
Technical damage done to MRK yesterday. MRK traded in a tight range could not hold $60 now question is can it hold $50's with new support at $54.
Market gaped up where is MRK's gap up? Its called technical damage, there is a new bottom level support for MRK. Bye bye $60 any way you slice it MRK is more of a $50 stock than a $60, damage has been done.