McKesson's most recent trend suggests a bearish bias. One trading opportunity on McKesson is a Bear Call Spread using a strike $170.00 short call and a strike $180.00 long call offers a potential 15.61% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $170.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $8.65 would be incurred if the stock rose above the $180.00 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for McKesson is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for McKesson is bearish.
The RSI indicator is at 24.32 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for McKesson
McKesson Launches Intelligence Hub (MKC)
Tue, 20 Sep 2016 15:49:00 GMT
Generic Drug Price Deflation Is Weighing On McKesson Shares
Mon, 19 Sep 2016 15:19:18 GMT
McKesson's Correction Is not Just a Third-Quarter Issue
Fri, 16 Sep 2016 14:12:00 GMT
McKesson downgraded by Goldman
Fri, 16 Sep 2016 10:16:08 GMT
McKesson Could Return As Much As 17.5%, Vetr Crowd Says
Thu, 15 Sep 2016 20:45:48 GMT
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