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MCKESSON CORPORATION USD0.01MCKESSON CORPORATION USD0.01MCKESSON CORPORATION USD0.01

MCKESSON CORPORATION USD0.01

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0JZU trade ideas

MCK Breakout TradeMcKesson is breaking out from a textbook volatility compression pattern. After a strong run higher in Q1, shares have formed a base with pullbacks shallowing from 12% to around 6% - a sign that sellers have been exhausted and supply is no longer coming to market. This will allow the stock to accelerate freely as demand increases for this stock. Fundamentals look decent with steady earnings and sales growth. Additionally, the medical sector is showing strength in an otherwise weak market, and McKesson is a strong name to own in order to play that trend. MCK broke out Monday on good volume above its resistance level. Traders can buy the stock here with a 7% stop to see if this move has legs.
NYSE:MCKLong
by rossgivens
Rectangle//Rising Wedges Below Price.This stock has been an amazing performer with a very long rise up and a bit steep at times. There appears to be a lot of buyers inside this stock. Yearly and 3 year low is 112.60. Rectangles are horizontal trading channels and are neutral until a trendline is broken. Price can stay inside this channel for quite a while bouncing up and down between trendlines. It will eventually break one way or the other. I personally do not like these at a possible top, but it is a neutral pattern. There are several rising wedges below price. Some are well below price and I see one under $200. I drew one rising wedge that I saw in this chart as I did not feel like spending the entire morning drawing rising wedges (o: A rising wedge is a bearish pattern and both trendlines slope up then converge at the apex. Rising wedges create a supply overhang at that level. A rising wedge is not valid until the bottom trendline is broken. From what I have noted, it could be months, years or just days, but the trendline of a rising wedge is eventually broken. I do not like rising wedges below me, but we are all different. Short interest is 1.71% Bullish Marubozu candle today with both ends shaven right this second. That can change by close. The 20 DMA crossed down through the 50, but the 20 looks as if it it pointing upward toward the 50 again. It may or may not make it up there. Time will tell. If price breaks the top trendline convincingly, then possible targets are above the rectangle. If price breaks the bottom trendline and forms a convincing downtrend, then this would be called a Rectangle top, and possible targets are below the rectangle. No recommendation.
NYSE:MCK
by lauralea
the b[AI]te's weekly insights -- MCK 2021-03-01center stage attention stock our system found that MCK received most attention over the course of last week. comment image we see a moderate negative correlation with our image indicator. We therefore assume that prices are driven partial emotionally as there is probably some other catalyst with regard to the company resulting in an uncertain pricing. new free tool we launched our new free analysis tool. Check our website and test it out! new free and powerful data API you can now access our data via our free API . Check our website and test it out! FAQ ATTENTION our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day. IMAGE our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
NYSE:MCK
by thebAIte
2
MCK, Triangle Descending (bullish) I found this pattern at tickeron website with the following data: STATUS = Confirmed CURRENT CONFIDENCE = 73% TARGET (EXIT) PRICE = 153.70 USD BREAKOUT (ENTRY) PRICE = 150.08 USD DISTANCE TO TARGET PRICE = 0.31% EMERGED ON = Oct 02, 08:00 AM (EDT) CONFIRMED ON = Oct 06, 09:32 AM (EDT) WITH CONFIDENCE LEVEL = 79% The Descending Triangle pattern is formed when the price of a security establishes a support level (1, 3, 5) and bounces off that level to a declining resistance level, creating a down-­sloping top line (2, 4). The breakout can either be up or down, depending if the resistance or highest support level is broken first. This pattern is commonly associated with directionless markets since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. Trade idea Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price by adding the pattern height from breakout point. For upward breakouts the level is the highest high within the triangle (2). Pattern height is the difference between the level of the bottom horizontal line and the highest high. To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
NYSE:MCKLong
by AlTorress
MCK - 7.88% Potential Profit - Bullish PennantUptrend Support with a bullish pennant forming about to breakout. Target price set at March's high. - 5-month uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $159.35 Suggested Stop Loss $155.97 Target price $171.72 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:MCKLong
by maschera