Merck and Company, Inc.(MRK) is in an downtrend but momentum is showing some life

(28-Mar-2008) (28-Mar-2008) Merck and Company, Inc.(MRK) closed at 44.78, up 0.08 or 0.18 % for the day. Based on our analysis, Merck and Company, Inc.(MRK) is in an downtrend but momentum is showing some life.

The closing price of Merck and Company, Inc.(MRK) is below its 50 day moving average of 46.22 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Merck and Company, Inc.(MRK) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 17-Mar-2008, about 9 trading days ago.