General Mills, Kellogg, Campbell, Hershey, Smuckers, Sysco, McCormick & Company, and ConAgra are a handful of the largest American pantry/snack favorites.
These Fib Schematics look pretty good and are easy to decipher. This makes this a good idea other than the fact that I should have grouped my tow food ideas differently. I have another Food Idea linked below...
Not Fianancial advice.
NYSE:MKC currently in a downtrend
on the monthly and on the quarter. fail to hold the yellow line Heading for the next target at $56. Please be cautious .
#subscribe
Analyzing the options chain and the chart patterns of MKC McCormick & Company prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $2.53.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
AT A GLANCE
Simplistic Analysis: reversion up to the mean.
Trade Type: Touch & Go don't wait for a close.
Research Depth: technical glance only.
Earnings Anticipations: positive surprises for EPS & Revenues.
Surprise-confidence on a scale of 0-5: 2
A double bottom in green box has formed at the bottom of an up channel on the daily chart for MKC.
I expect this to react bullishly to this formation and push price back up to the higher highs of the up channel.
Bullish.
The PEAD projected a bullish outlook for $MKC after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 87.5%.
BEAR RALLY SET UP
I've had MKC on my watchlist for about a week now. ON January 18th, the 20 day crossed the 50 day and made a new swing low on January 20th. Since then, it had a small bear rally back to prior support resistance of 79.09ish which it hit on the 24th. On the 25th, it traded below the previous day's low, however I waited one more day because I...
The PEAD projected a Bearish outlook for $MKC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 62.5%.
$MKC has a very nice setup to go long here, one of the solid long term names to buy when they look ugly as per @timwest . I'm buying shares for my daughter here, looks like it's a solid setup overall.
Best of luck!
Cheers,
Ivan Labrie.
The PEAD projected a Bearish outlook for $MKC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
The PEAD projected a Bullish outlook for $MKC after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $92.43 / $93.18
Target Price: $91.18 / $91.84
Stop Loss: $94.52
The PEAD projected a Neutral outlook for $MKC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
