Merck & Co may rise to 136.20 - 138.30

125.9 is our pivot point.

Our preference

The upside prevails as long as 125.9 is support.

Alternative scenario

The downside breakout of 125.9 would call for 122.3 and 120.3.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 129.3415 and 128.5872).

Supports and resistances

140.4 **

138.3 *

136.2 **

134.2

129.48 (USD-last)

127.2

125.9 **

122.3 *

120.3 **

Number of asterisks represents the strength of support and resistance levels.