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After Yesterday's Rally of 1.74% Shares Could Potentially Pullback

By James Quinn

Mccormick-N/V (NYSE:MKC) traded in a range yesterday that spanned from a low of $101.20 to a high of $102.95. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $102.62 on volume of 334,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Mccormick-N/V on April 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $104.89. Since that call, shares of Mccormick-N/V have fallen 3.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Mccormick-N/V have traded between a low of $90.25 and a high of $111.46 and are now at $102.46, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Keywords: rebounders mccormick-n/v

Ticker(s): MKC