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Bearish Moving Average Cross by McKesson (MCK)

By Amy Schwartz

Today, shares of McKesson (NYSE:MCK) have fallen below their 10-day MA of $194.92 on a volume of 158K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

McKesson share prices have moved between a 52-week high of $243.61 and a 52-week low of $148.29 and are now trading 31% above that low price at $194.68 per share. The 200-day and 50-day moving averages have moved 0.71% lower and 0.68% higher over the past week, respectively.

SmarTrend is tracking the current trend status for McKesson and will alert subscribers who have MCK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses McKesson

Ticker(s): MCK