08.12.2014 - Merck & Company has overcome a local maximum

The stock price of the company Merck & Company after fixing the price above the strong level of 59.25, continued the growth and has broken through the local maximum near 61.20. Overcoming this level gives grounds to expect continuation of growth and reaching the upper boundary of the channel, after which can begin correction with the potential to reduce the price to 58.00. Medium-term trend remains positive and we expect growth of quotations in the medium term with the objectives near 70.00.

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