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Mccormick-N/V Set to Possibly Rebound After Yesterday's Selloff of 1.47%

By David Diaz

Mccormick-N/V (NYSE:MKC) traded in a range yesterday that spanned from a low of $104.70 to a high of $106.63. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $105.29 on volume of 348,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Mccormick-N/V has traded in a range of $88.64 to $111.46 and is now at $104.89, 18% 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%.

Keywords: rebounders mccormick-n/v

Ticker(s): MKC