MCK(Daily). Head and Shoulders Top.(Retest)5 month Head and shoulders, Gapped Down on high Volume, 200 sma break and 2013 Trend_Line.
Retest of Neck_Line.
0JZU trade ideas
Stock that's being added to my watchlist *Weekly Breakout*Technicals
-Price broke out to a new YTD High (+18.25% YTD vs. +7.06% SPX YTD)
-Support between 230.50 - 232.70
-Resistance 244.00
-Weekly Chart did form doji at the highs so there is a chance of a retracement to support.
Trade Idea
Long at support upon receiving bullish confirmation.
Recent 13F's
Third Point LLC opened small new position.
Pos. Size : 625,000 Shares valued at $141,000 (Options play)
Analyst Price Targets
Mizuho Reiterated Buy / Price Target Raised to $275
Deutsche Bank Reiterated Buy / Price Target Raised to $253
FBR Capital Reiterated Outperform / Price Target Raised to $250
Upcoming Corporate Events
James Beer (Executive VP / CFO) will be presenting at the Goldman Sachs 36th Annual Global Healthcare Conference in Rancho Palos Verdes at 8:00 AM PT on Tuesday, June 9, 2015.
reports tonight after the close, long rising trend support and horizontal resistance makes for an ascending triangle into earnings with a $21 projected move on break, options looking for $7 move by Friday, maybe sell the 220/240 strangle in May to buy the same in June
Long Mckesson CorpThe Healthcare Providers industry is one of the top performing industries in the strongest Sector in the S&P500, Healthcare. McKesson Corp is in a clear uptrend and has been gaining momentum as the relative performance chart indicates it has been ourperfoming the S&P more and more.
The recent Bollinger Squeeze on the Weekly chart suggests there could be a breakout to new highs. Any break of the uptrend should be an exit signal as the stock may start correcting.
