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Swing Trade Ideas (MRK) – December 22, 2021

Our bullish trade for Wednesday, December 22nd is Merck & Co Inc. (MRK). MRK is part of the Health Care sector that has gained 6.2% since the beginning of December.

MRK recently broke above the $75 resistance turned support level, further supported by a key support level around $72 . The 1M trend has recently turned neutral and it is expected to turn Bullish in the following days, with the 6M trend to follow.

As a close, if MRK were to trade below $72 for multiple days, this would invalidate our analysis and focus on cutting losses on the trade. We also consider cutting losses on this options trade if the value of the vertical spread moves above $3.10.