Merck is testing the 50 day (NYSE:MRK)

by Josh Merck & Co. Inc. ($MRK) is testing the 50 day moving average today, currently just below the trend line. Merck was last at $47.63 on a volume of 7,350,720 shares.

The 50 day moving average is currently at $47.77. Shares have been forming a wedge pattern, today’s price action is within the existing pattern.

52 Week Range $40.02-$50.16 Market Cap 139,354,002,834 Average Volume 14,560,416 Dividend Yield 3.59% Institutional Ownership 75.90% Insider Ownership: 0.10% Percentage of Float Short 2.50% Beta 0.59

Merck & Co. Inc. is below the 50 day moving average and above the 200 day moving average. These are bearish, bearish indicators respectively.

Merck & Co. Inc. Merck & Co Inc is a global health care company that delivers innovative health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products.

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