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Bullish Moving Average Cross by Mckesson Corp (MCK)

By David Diaz

Mckesson Corp (NYSE:MCK) shares have crossed bullishly above their 10-day moving average of $147.35 on a volume of 137K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Mckesson Corp have traded between a low of $114.53 and a high of $199.43 and are now at $149.23, which is 30% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Mckesson Corp on August 10th, 2017 by issuing a Downtrend alert when the shares were trading at $152.20. Since that call, shares of Mckesson Corp have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses McKesson Corp

Ticker(s): MCK