Merck & Co. Inc.(MRK) is in an downtrend

(23-May-2008) (23-May-2008) Merck & Co. Inc.(MRK) closed at 38.66, up 0.04 or 0.1 % for the day. Based on our analysis, Merck & Co. Inc.(MRK) is in an downtrend.

The closing price of Merck & Co. Inc.(MRK) is below its 50 day moving average of 40.23 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Merck & Co. Inc.(MRK) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line today, let us see if it stays below.