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Watch for Mckesson Corp to Potentially Rebound After Falling 2.28% Yesterday

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.

Mckesson Corp share prices have moved between a 52-week high of $199.43 and a 52-week low of $114.53 and are now trading 35% above that low price at $154.51 per share. The 200-day and 50-day moving averages have moved 0.71% lower and 0.68% higher over the past week, respectively.

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