Stock Of The Day: Has McKesson Found Its Bottom And Will It Bounce Back?
Portfolio Pulse from Mark Putrino
McKesson Corporation (NYSE:MCK) is currently oversold and has reached a potential support level, suggesting a possible rally. Historically, MCK has bounced back after falling below the Bollinger Band, indicating a reversion to the mean. The $472 level, previously a resistance, may now act as support.
September 24, 2024 | 5:32 pm
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McKesson Corporation's stock is oversold and at a potential support level, indicating a possible rally. Historically, MCK has rebounded after falling below the Bollinger Band, suggesting a reversion to the mean. The $472 level, previously resistance, may now act as support.
The article highlights that McKesson is oversold and at a support level, which historically has led to a rally. The $472 level, previously a resistance, is now acting as support, which could attract buyers and push the price upwards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100