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Bearish Moving Average Cross by Mckesson Corp (MCK)

By David Diaz

Today, shares of Mckesson Corp (NYSE:MCK) have fallen below their 10-day MA of $143.26 on a volume of 160K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Mckesson Corp share prices have moved between a 52-week high of $150.82 and a 52-week low of $106.11 and are now trading 35% above that low price at $143.14 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Mckesson Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mckesson Corp in search of a potential trend change.

Keywords: moving crosses McKesson Corp

Ticker(s): MCK