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McCormick & Co Crosses Below its 10-day MA (MKC)

By Shiri Gupta

McCormick & Co (NYSE:MKC) crossed under its 10-day moving average of $104.76 on a volume of 364K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, McCormick & Co has traded in a range of $75.19 to $107.84 and is now at $101.61, 35% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of McCormick & Co on May 22nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.51. Since that recommendation, shares of McCormick & Co have risen 4.0%. We continue to monitor MKC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mccormick & co

Ticker(s): MKC