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TW Member
Posts: 228
Reply with quote  #1 

Very long term monthly chart of MRK.  Currently attempting to break the large declining tops line.  Formed a nice double bottom off of long term support.  Working on a fifth straight month of gains, hasn't done this since 94/95.


Longer term, this type of price action is encouraging.  Heavy resistance may come into play in the 42 range.  However, the heavy volume in the late 04 sell-off may have cleared out some of that supply. 


The stock still pays about a 4% dividend.


The company appears to be handling the recent litigation issues fairly well also.  


Disclosure:  I have long term holdings in this stock.






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