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