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Mckesson Corp Falls 2.28% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Mckesson Corp (NYSE:MCK) traded in a range yesterday that spanned from a low of $154.00 to a high of $158.78. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $154.09 on volume of 569,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Mckesson Corp has traded in a range of $114.53 to $199.43 and is now at $154.51, 35% above that low. 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 is monitoring the recent change of momentum in Mckesson Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mckesson Corp in search of a potential trend change.

Keywords: rebounders McKesson Corp

Ticker(s): MCK