Merck shows as a bit indifferent on the daily chart, but the higher timeframes suggests there is reason to believe more upside is to come.
On the monthly we see that price already completed a major, bullish price pattern. Still the rising trendline is a good place to look for a change of heart.
The weekly chart tells the same story as the monthly… just in a bit more detail.
Metrics As of Midday 27 April 2017:
The Trader Says:
The bottom line here is long setups can and should be taken on Merck unless the stock breaks down through the $58.50 area. Use the daily chart or lower and place stops as suggested by the charts of those lower timeframes and you should be fine even if the stock heads lower.