Merck & Co. Inc.

$MRK - NYSE - Pharmaceuticals and Biotechnology
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$MRK Price expected to hit $$56.00. http://boardvote.com/symbol/MRK/discussion. #Stocks.
"Recognia has detected a "Continuation Diamond (Bullish)" chart pattern formed on Merck & Co Inc (MRK:NYSE). This bullish signal indicates that the stock price may rise from the range of $54.75 - $56.50. The pattern formed over 212 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. The pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks the resumption of the prior uptrend." Source: Recognia.
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Interim Phase II Data of Merck's Investigational MK-5172 in Combination Therapy in Chronic Hepatitis C Virus Genotype 1 Infection to be Presented at the American Association for the Study of Liver Diseases (AASLD) Annual Meeting
Any thoughts.
 

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