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Watch for Mccormick-N/V to Potentially Pullback After Gaining 2.19% Yesterday

By Shiri Gupta

Mccormick-N/V (NYSE:MKC) traded in a range yesterday that spanned from a low of $157.49 to a high of $159.81. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $157.51 on volume of 262,000 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 Mccormick-N/V and will alert subscribers who have MKC in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Mccormick-N/V share prices have been bracketed by a low of $112.23 and a high of $174.58 and are now at $160.21, 43% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Keywords: rebounders mccormick-n/v

Ticker(s): MKC