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Bullish Moving Average Cross by McKesson (MCK)

By David Diaz

McKesson (NYSE:MCK) crossed over its 10-day moving average of $161.86 on a volume of 230K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of McKesson have traded between a low of $148.29 and a high of $243.61 and are now at $162.54, which is 10% above that low price. The 200-day and 50-day moving averages have moved 0.71% lower and 0.68% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of McKesson on August 25th, 2016 by issuing a Downtrend alert when the shares were trading at $184.95. Since that call, shares of McKesson have fallen 12.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses McKesson

Ticker(s): MCK