• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Mccormick-N/V (NYSE:MKC)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Mccormick-N/V (NYSE:MKC) based on the price action in the company's shares. Today's price range of $139.40 and $139.48 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Mccormick-N/V may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Mccormick-N/V (NYSE:MKC) is currently priced 20.0% above its average consensus analyst price target of $111.45. The stock should find initial support at its 50-day moving average (MA) of $132.91 and further support at its 200-day MA of $129.90.

In the past 52 weeks, shares of Mccormick-N/V have traded between a low of $99.53 and a high of $156.00 and are now at $139.40, which is 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.6%.

McCormick & Company, Inc. manufactures, markets, and distributes flavor products including spices, herbs, extracts, seasonings, and flavorings and other specialty food products to the food industry. The Company sells to retail stores, food manufacturers, and food service businesses.

SmarTrend is tracking the current trend status for Mccormick-N/V and will alert subscribers who have MKC in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle mccormick-n/v

Ticker(s): MKC