MCK is a large cap medical supply company- it has experienced respectable earnings reports
and steady growth as medical entities including surgery centers and hospitals are busy catching
up on electric surgeries from the COVID era. It is rising ar or under the second upper VWAP
line. The dual time frame RSI indicator ( by Chris Moody) shows that every time the...
Over the past 2 years, MCK has been in a rock-solid, aggressive uptrend, gaining 50% in '22 and 30% in '23. The weekly TTM squeeze just fired LONG (again) for the 4th time in three years. This beast is a case-study in layered AVWAP! You could wait for a pullback (since it is slightly extended from it's most recent Layered AVWAP). My fear is that it just...
idk why NYSE:MCK is down $20 in the post market but the top to bottom was over $25. earning and guidance both beat and future guidance is strong. some link to a rite aid bankruptcy has seemed to be the only dark cloud news. The technicals did max out on its push up to ath......so was this just a technical over extension combine with profit taking and a shade of...
Today a gap up on positive earnings and revenue, Today an ascending triple top breakout on the point & figure.
This is a health care stock (timely sector) with superb financials.
This is not financial advice, but if I were to load into this stock, I would:
a) look for a pullback to 381.43 (potential VPOC support) for potential entry
b) Look for a further...
The PEAD projected a bullish outlook for $MCK after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
The PEAD projected a Bullish outlook for $MCK after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
This trade I have been in for a while but thought I would post it here as its a similar setup to the SQM SHORT I posted last week. That SQM SHORT I labeled as "BEST SHORT Opportunity in the Market". Well this one is the 2nd Best in my opinion. Simply because it has been a little stronger stock and in a better sector (Healthcare) than SQM.
Having said that this...
Long MCK as my first chess piece in market re-entry from cash , I like MCK reminds me of a slow train climbing away inch by inch foot by foot . Market closed in GTM today per SPY...
Plan
Entry - 360.38
Stop Vs 21 ema
PT1 R1 , stop to half risk
PT2 R2 , stop same
HourWD - sell some
21 WD - out balance
*Caution will be exercised pre earnings ( Nov 01 AMC...
The PEAD projected a Bullish outlook for $MCK after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 88.89%.
In this post, I will explain what jumping S-curves means and how you can identify potential S-curves before they jump .
First, let's begin with the chart above (also copied below).
This is a yearly chart of McKesson Corporation (MCK), a medical supplies company.
As you can see in the chart below, this stock has been soaring over the past year despite most...
Drug distributor McKesson has been a surprising breakout stock in 2022 thanks to strong earnings. It’s the 14th-best performing member of the S&P 500 this year, according to TradeStation data. MCK is also the biggest gainer apart from inflationary plays like energy and fertilizers.
Nonetheless, it’s been relatively quiet for several months as the earlier surge is...
The idea I had on Monday was quite right. Perhaps the stop was to tight. Perhaps. MCK is struggling at this new high levels. But it is bought all again. Today we've got another new high. The trend is intact and the upside is to be preferred clearly.
If price break to news highs, could see a quick move towards $350 (at least)
Very defined Support as well, if price comes back down to support and rejects, could be also a trade idea.
Adding alerts both at support and resistance
Been watching this one for all of 2022 and now we have an entry .
50 sma take back, hammer today and WP yesterday too . Also market went into GTM today with the wedge pop on QQQ.
I like how MCK managed to keep it together in this TTR too, strength~
Entry 320.73
Stop 309.57
PT 1 - 331.76
