How the (MCK) price action is used to our Advantage

January 23, 2025, 10:08 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MCK

• Buy MCK near 579.93 target 630.32 stop loss @ 578.26 Details

The technical summary data tells us to buy MCK near 579.93 with an upside target of 630.32. This data also tells us to set a stop loss @ 578.26 to protect against excessive loss in case the stock begins to move against the trade. 579.93 is the first level of support below 587.275 , and by rule, any test of support is a buy signal. In this case, support 579.93 is being tested, a buy signal would exist.

• Short MCK slightly under 630.32, target 579.93, stop loss @ 632.14 Details

The technical summary data is suggesting a short of MCK as it gets near 630.32 with a downside target of 579.93. We should have a stop loss in place at 632.14though. 630.32 is the first level of resistance above 587.275, and by rule, any test of resistance is a short signal. In this case, if resistance 630.32 is being tested, a short signal would exist.

Swing Trading Plans for MCK

• Buy MCK slightly over 593.93, target 630.32, Stop Loss @ 592.21 Details

If 593.93 begins to break higher, the technical summary data tells us to buy MCK just slightly over 593.93, with an upside target of 630.32. The data also tells us to set a stop loss @ 592.21 in case the stock turns against the trade. 593.93 is the first level of resistance above 587.275, and by rule, any break above resistance is a buy signal. In this case, 593.93, 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 593.93, target 582.74, Stop Loss @ 595.65. Details

The technical summary data is suggesting a short of MCK if it tests 593.93 with a downside target of 582.74. We should have a stop loss in place at 595.65 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, 593.93, 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 593.58, target 593.93, Stop Loss @ 592.2 Details

If 593.58 begins to break higher, the technical summary data tells us to buy MCK just slightly over 593.58, with an upside target of 593.93. The data also tells us to set a stop loss @ 592.2 in case the stock turns against the trade. 593.58 is the first level of resistance above 587.275, and by rule, any break above resistance is a buy signal. In this case, 593.58, 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 593.58, target 582.74, Stop Loss @ 594.96. Details

The technical summary data is suggesting a short of MCK if it tests 593.58 with a downside target of 582.74. We should have a stop loss in place at 594.96 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, 593.58, 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 Corporation (MCK) available here: MCK.

MCK Ratings for January 23:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	529.61
P2	582.73	582.74	579.93
P3	593.58	593.93	630.32

AI Generated Signals for MCK

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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 Corporation (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.