Learn to Evaluate (MCK) using the Charts

January 02, 2025, 05:34 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MCK

• Buy MCK near 526.66 target 578.75 stop loss @ 525.14 Details

The technical summary data tells us to buy MCK near 526.66 with an upside target of 578.75. This data also tells us to set a stop loss @ 525.14 to protect against excessive loss in case the stock begins to move against the trade. 526.66 is the first level of support below 569.91 , and by rule, any test of support is a buy signal. In this case, support 526.66 would be being tested, so a buy signal would exist.

• Short MCK slightly under 578.75, target 526.66, stop loss @ 580.42 Details

The technical summary data is suggesting a short of MCK as it gets near 578.75 with a downside target of 526.66. We should have a stop loss in place at 580.42though. 578.75 is the first level of resistance above 569.91, and by rule, any test of resistance is a short signal. In this case, if resistance 578.75 is being tested, so a short signal would exist.

Swing Trading Plans for MCK

• Buy MCK slightly over 578.75, target 580.29, Stop Loss @ 577.08 Details

If 578.75 begins to break higher, the technical summary data tells us to buy MCK just slightly over 578.75, with an upside target of 580.29. The data also tells us to set a stop loss @ 577.08 in case the stock turns against the trade. 578.75 is the first level of resistance above 569.91, and by rule, any break above resistance is a buy signal. In this case, 578.75, 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 578.75, target 567.66, Stop Loss @ 580.42. Details

The technical summary data is suggesting a short of MCK if it tests 578.75 with a downside target of 567.66. We should have a stop loss in place at 580.42 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, 578.75, 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 572.92, target 578.75, Stop Loss @ 571.58 Details

If 572.92 begins to break higher, the technical summary data tells us to buy MCK just slightly over 572.92, with an upside target of 578.75. The data also tells us to set a stop loss @ 571.58 in case the stock turns against the trade. 572.92 is the first level of resistance above 569.91, and by rule, any break above resistance is a buy signal. In this case, 572.92, 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 572.92, target 567.66, Stop Loss @ 574.26. Details

The technical summary data is suggesting a short of MCK if it tests 572.92 with a downside target of 567.66. We should have a stop loss in place at 574.26 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, 572.92, 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 02:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	526.66
P2	567.66	567.66	578.75
P3	572.92	580.29	631.2

AI Generated Signals for MCK

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Mckesson Corporation (NYSE: MCK) report below can help you understand how to do this. The trading plans for MCK, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.