• Return to Headlines

Mckesson Corp Set to Possibly Pullback After Yesterday's Rally of 1.71%

By Nick Russo

Mckesson Corp (NYSE:MCK) traded in a range yesterday that spanned from a low of $137.11 to a high of $139.42. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $137.42 on volume of 309,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend 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.

Over the past year, Mckesson Corp has traded in a range of $112.60 to $172.18 and is now at $138.29, 23% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.1%.

Keywords: rebounders McKesson Corp

Ticker(s): MCK