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How to Trade Pfizer, Merck as Big Pharma Heads Into Earnings

Both Merck (MRK - Get Report) and Pfizer (PFE - Get Report) are readying to report earnings. Here's how to trade them.

The daily chart of Merck shows that the big pharma stock has not yet recovered from its flash crash on "Black Monday," Aug. 24. Pfizer, another big pharma stock, has recovered from its flash crash, but then faded over the last two sessions. Both are below their 200-day simple moving averages.

The weekly charts show that both can end the week with positive weekly charts it they close above key weekly moving averages.

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Both Merck and Pfizer are components of the Dow Jones Industrial Average (INDU) . Merck is down 8.4% year to date, while...