Merck jumps 12.3%, edging toward record highs
Merck stock jumps 12.3% and tests its record highs again
Our view last week
Merck stock shifts gears: after a slowdown, shares jump 5.6% this week with buyers commanding 98% of the volume and push back toward their all-time highs, rejected once again but without giving ground. Our weekly technical analysis follows the trade in its 12th week, now up 10.97% since entry.
This week's summary
Merck stock jumps 12.3% this week, the sharpest gain of the past month, with buyers commanding 90% of the volume and the weekly RSI climbing to 74.3. The price is testing the recent highs again, rejected once more in the 154 area, while MACD and money flow keep rising and the weekly structure stays bullish across the board. The trade is now up 24.62% since entry, in its 13th week of management.
IQS Phase
77
in tension
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#134 / 167
US stocks in progress
Trade P&L %
+24.62%
from signal to date, no stop loss
Rank position
ranks 134th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein strong phase
Performanceweekly +4.33% · monthly +9.53%
MRK belongs to the health care sector (reference ETF XLV). The sector is classified in strong phase according to our weekly reading.
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