Merck Company, Inc. (MRK) stock is holding on to strong gains in its recent intraday trading, supported by positive and dynamic momentum as it continues to trade above its 50-day simple moving average, with the main short-term trend remaining upward, moving alongside a supportive trend line, in addition to positive signals from the Relative Strength Index despite reaching overbought levels.

Therefore we expect the stock price to rise in the coming trading sessions, as long as support at $113.85 holds, targeting the key resistance level at $125.00.

Todays price forecast: Bullish