Merck & Co., Inc

MRK
Delayed Nyse - 04/02 10:10:00 pm
76.87USD
+4.16%

Merck & Co., Inc : Good timing to go long again

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David Meurisse
Contributor / Partner

Strategy published on : 03/26/2020 | 09:15

long trade
Live

Entry price : 70.17$
Target : 77.7$
Stop-loss : 65.9$
Potential : 10.73%

The medium term support area around 66.4 USD should allow Merck & Co., Inc shares to re-establish an upward trend in the short term.
Investors have an opportunity to buy the stock and target the $ 77.7.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● The share is getting closer to its long-term support in weekly data, at USD 66.58, which offers good timing for buyers.

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 66.4 support.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts covering this company mostly recommend stock overweighting or purchase.


Weaknesses

● The company's earnings releases usually do not meet expectations.

● The company's enterprise value to sales, at 3.79 times its current sales, is high.

● The underlying tendency is negative on the weekly chart below the resistance at 79.73 USD

Zonebourse.com 2020
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