How the price action of Mckesson ($MCK) is used to our Advantage
May 26, 2023, 00:00 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MCK
- Buy MCK slightly over 379.64 target 406.15 stop loss @ 378.54 Details
The technical summary data tells us to buy MCK near 379.64 with an upside target of 406.15. This data also tells us to set a stop loss @ 378.54 to protect against excessive loss in case the stock begins to move against the trade. 379.64 is the first level of support below 395.39 , and by rule, any test of support is a buy signal. In this case, support 379.64 is being tested, a buy signal would exist.
- Short MCK slightly under 406.15, target 379.64, stop loss @ 407.32 Details
The technical summary data is suggesting a short of MCK as it gets near 406.15 with a downside target of 379.64. We should have a stop loss in place at 407.32though. 406.15 is the first level of resistance above 395.39, and by rule, any test of resistance is a short signal. In this case, if resistance 406.15 is being tested, a short signal would exist.
Swing Trading Plans for MCK
- Buy MCK slightly over 400.18, target 406.15, Stop Loss @ 399.02 Details
If 400.18 begins to break higher, the technical summary data tells us to buy MCK just slightly over 400.18, with an upside target of 406.15. The data also tells us to set a stop loss @ 399.02 in case the stock turns against the trade. 400.18 is the first level of resistance above 395.39, and by rule, any break above resistance is a buy signal. In this case, 400.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MCK slightly near 400.18, target 393.40, Stop Loss @ 401.34. Details
The technical summary data is suggesting a short of MCK if it tests 400.18 with a downside target of 393.40. We should have a stop loss in place at 401.34 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 400.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MCK
- Buy MCK slightly over 396.17, target 400.18, Stop Loss @ 395.25 Details
If 396.17 begins to break higher, the technical summary data tells us to buy MCK just slightly over 396.17, with an upside target of 400.18. The data also tells us to set a stop loss @ 395.25 in case the stock turns against the trade. 396.17 is the first level of resistance above 395.39, and by rule, any break above resistance is a buy signal. In this case, 396.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MCK slightly near 396.17, target 393.40, Stop Loss @ 397.09. Details
The technical summary data is suggesting a short of MCK if it tests 396.17 with a downside target of 393.40. We should have a stop loss in place at 397.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 396.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Mckesson (MCK) available here: MCK.
MCK Ratings for May 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
354.76 |
| P2 |
392.25 |
393.40 |
379.64 |
| P3 |
396.17 |
400.18 |
406.15 |
AI Generated Signals for MCK
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Mckesson (NYSE: MCK) data table below can help you with price action, and we have more details too. Trading plans for MCK are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MCK:
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