Merck & Co. Inc. (MRK) has been consolidating in a bullish flag pattern in the last two weeks after a move up from the 57 range to around 63 earlier this month. A breakout of the resistance at 63.40 could initiate new momentum and accelerate prices toward 65 area in the short term. Initial stop is set below flag low at 61.40. Originally published on TraderHR.com.
