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Bearish Moving Average Cross by Mccormick-N/V (MKC)

By James Quinn

Today, shares of Mccormick-N/V (NYSE:MKC) have crossed bearishly below their 10-day moving average of $165.45 on a volume of 137K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Mccormick-N/V have traded between a low of $119.00 and a high of $171.25 and are now at $162.70, which is 37% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 0.45% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Mccormick-N/V on March 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $140.39. Since that recommendation, shares of Mccormick-N/V have risen 20.1%. We continue to monitor MKC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mccormick-n/v

Ticker(s): MKC