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SmarTrend Watching for Potential Rebound in Shares of Mckesson Corp After 4.38% Loss

By James Quinn

Mckesson Corp (NYSE:MCK) traded in a range yesterday that spanned from a low of $134.82 to a high of $138.50. Yesterday, the shares fell 4.4%, which took the trading range below the 3-day low of $135.12 on volume of 498,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Mckesson Corp share prices have moved between a 52-week high of $172.18 and a 52-week low of $111.90 and are now trading 20% above that low price at $134.53 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

Keywords: rebounders McKesson Corp

Ticker(s): MCK