For today's chart we've chosen to take a look at MRK because it has been trading within a triangle formation since early October. As you can see from the chart below, the price is currently near the lower trendline and has been trading on below average volume, which could suggest that the support near $43 is stronger than some traders expect. We've noticed that the volume has spiked during price increases and has fallen during declines. This volume pattern could be used by technical traders as a signal of a move toward the resistance and maybe even a break higher.
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