Rochester, NY 8/13/2009 4:19:02 PM
Merck & Co. Inc. MRK - Merck Shows Support around $29.68
Merck & Co. Inc. MRK
Merck has earned $30.60 at closed market. It hit a 52-week low of $20.05 and 52-week high of $36.73. Merck stock has been showing support around 29.68 and resistance in the 31.46 range. A technical indicators show that the company’s stock still continues to move.
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Merck shows on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at an Oct '09 30 covered calls (MZR JF) for a net debit in the $28.80 area. That is also the break even stock price for this trade.
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