-Price broke out to a new YTD High (+18.25% YTD vs. +7.06% SPX YTD)
-Support between 230.50 - 232.70
-Weekly Chart did form doji at the highs so there is a chance of a retracement to support.
Long at support upon receiving bullish confirmation.
Third Point ...
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
The 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 ...