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Recent 52-Week High Exceeded in Shares of Mckesson Corp (MCK)

By James Quinn

Mckesson Corp (NYSE:MCK) traded today at a new 52-week high of $151.31. This new high was reached on below average trading volume as 137,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

In the past 52 weeks, shares of Mckesson Corp have traded between a low of $106.11 and a high of $151.31 and are now at $151.31, which is 43% above that low price. The 200-day and 50-day moving averages have moved 0.45% higher and 0.13% lower over the past week, respectively.

Mckesson Corp has overhead space with shares priced $151.31, or 15.6% below the average consensus analyst price target of $179.25. Mckesson Corp shares have support at the 50-day moving average (MA) of $140.58 and additional support at the 200-day MA of $130.50.

McKesson Corporation distributes pharmaceuticals, medical-surgical supplies, and health and beauty care products throughout North America. The Company also develops, implements, and supports software that facilitates the integration of data throughout the health enterprise. In addition, McKesson offers analytic, care management, and patient solutions for payers.

SmarTrend is tracking the current trend status for Mckesson Corp and will alert subscribers who have MCK in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows McKesson Corp

Ticker(s): MCK