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McKesson Crosses Below its 10-day MA (MCK)

By David Diaz

Today, shares of McKesson (NYSE:MCK) have fallen below their 10-day MA of $163.04 on a volume of 124K 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 $114.53 and are now trading 42% above that low price at $162.40 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of McKesson on May 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $153.89. Since that recommendation, shares of McKesson have risen 6.2%. We continue to monitor MCK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses McKesson

Ticker(s): MCK