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ImmaculateTony
Mar 13, 2024 11:56 AM

Riding the Bull: Merck & Co. ($MRK)Potential Upside ? Long

Merck & Company, Inc.NYSE

Description

Right now, the trend for NYSE:MRK looks positive, meaning it's going up, so it's a good time to take advantage of that momentum. The current value zone, where it's reasonably priced, is between $119 and $124. It's suggested to set a stop loss at $116, meaning if the stock drops below that, it's a signal to sell to limit potential losses. NYSE:MRK is currently below its perceived value, and there's potential for it to reach new all-time highs (ATH). So, it's a good opportunity to ride the wave and possibly make some gains.
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