• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Mckesson Corp After 2.56% Gain

By David Diaz

Mckesson Corp (NYSE:MCK) traded in a range yesterday that spanned from a low of $141.26 to a high of $142.49. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $140.19 on volume of 556,000 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.

In the past 52 weeks, Mckesson Corp share prices have been bracketed by a low of $111.90 and a high of $172.18 and are now at $142.45, 27% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 1.77% lower over the past week, respectively.

Keywords: rebounders McKesson Corp

Ticker(s): MCK