McKesson (MCK) Offering Possible 29.87% Return Over the Next 16 Calendar Days

McKesson's most recent trend suggests a bullish bias. One trading opportunity on McKesson is a Bull Put Spread using a strike $109.00 short put and a strike $104.00 long put offers a potential 29.87% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $109.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock dropped below the $104.00 long put 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 up which suggests that the medium-term momentum for McKesson is bullish.

The RSI indicator is at 24.11 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for McKesson

52-Week Company Lows
Mon, 31 Dec 2018 17:38:00 +0000
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. The price of Philip Morris International Inc. (PM) shares has declined to close to the 52-week low of $67.27, which is 41.9% off the 52-week high of $111.25. The company has a market cap of $104.57 billion.

Bay Area startup bets on Texas with HQ move to Austin
Fri, 28 Dec 2018 22:36:07 +0000
San Francisco-based startup Lottery.com has moved its headquarters to Austin, following a familiar playbook: Disclose the news with great fanfare in Texas but keep quiet about it in the Bay Area.

Is McKesson (MCK) a Great Stock for Value Investors?
Fri, 28 Dec 2018 14:35:02 +0000
Let???s see if McKesson (MCK) stock is a good choice for value-oriented investors right now from multiple angles.

FINAL DEADLINE ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against McKesson Corporation (MCK) & Lead Plaintiff Deadline -December 26, 2018
Wed, 26 Dec 2018 15:00:00 +0000
Attorney Advertising– Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against McKesson Corporation (“McKesson” or the “Company”) (MCK) on behalf of shareholders who purchased or otherwise acquired McKesson securities between October 24, 2013 and January 25, 2017, inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against McKesson Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Wed, 26 Dec 2018 13:40:00 +0000
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against McKesson Corporation (“McKesson” or “the Company”) (NYSE: MCK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

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