Better than expected earnings and improved guidance have turned many investors attention towards NYSE:MKC, market weakness hampered a bullish surge today, but it is well worth keeping this stock on strong watch.
Average analysts price target $154
Average analysts recommendation Hold
Short interest 6.7%
P/E ratio 32
Company profile...
MKC: McCormick & Company, Inc.
2019-10-01 06:30:00
McCormick Reports Strong Third Quarter Performance And Increases Full Year Earnings Per Share Outlook
MKC breaking down from a long upward channel. It has strong twiggs money flow divergence and crossed down its MA 100 line. Overall looks good as short setup.
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#MKC has formed a double bottom on the monthly charts. The daily and weekly charts look good. Macd crossing up. Stoch RSI leading up. OBV is ok. I think this will be a good one to ride this year.
MKC seems breaking down key support label. It has fair amount of insider selling, higher price to cashflow.
On the weekly chart moneyflow is diverging & toping at this moment. Overall it seems a very good momentum short setup.
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why- Breaking down momentum short; Potential double top
Entry Target...
McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company's segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products. As of November 30, 2016, it offered brands for consumers in approximately 150 countries and territories. The Company's brands in the Americas include McCormick, Lawry's, and Club House, as well as brands, such as Gourmet Garden and OLD BAY. It provides a range of products to food manufacturers and foodservice customers. The Company's sales, distribution and production facilities are located in North America, Europe and China. It markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen and Simply Asia. The Company offers sensory testing, culinary research, food safety and flavor application.
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MKC
