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  • Swing Trade Ideas – June 18, 2020

    Jun 18, 2020 Swing Options Tips Comments Off on Swing Trade Ideas – June 18, 2020

    Merck & Co Inc (MRK) – Pharma Breaking Down

    Our bearish trade for today is MRK (Merck & Co Inc). MRK is part of the Healthcare Sector (XLV). XLV has experienced a 1.1% loss in the last month and its 1M trend turned bearish on June 11th.

    MRK’s 1M and 6M trend turned bearish on June 11th and has recently pulled back to an area of resistance providing a good selling opportunity. With a technical score of 4 (out of 10), MRK is a weak stock that will likely continue lower. 

    As a stop loss, if MRK were to trade above $79 for multiple days, this would invalidate our analysis and we would focus on cutting losses on the trade. We also would consider cutting losses on this options trade if the value of the vertical spread moves above $3.76.

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