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MCK Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Monday, November 21, 11:38 AM ET
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In trading on Monday, shares of McKesson Corp. (NYSE:MCK) crossed below their 200 day moving average of $79.62, changing hands as low as $78.10 per share. McKesson Corp. shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of MCK shares, versus its 200 day moving average:

McKesson Corp. 200 Day Moving Average Chart

Looking at the chart above, MCK's low point in its 52 week range is $63.32 per share, with $87.32 as the 52 week high point — that compares with a last trade of $78.35.

MCK makes up 2.63% of the Dynamic Healthcare Sector Portfolio ETF (AMEX:PTH)

MCK operates in the Drugs & Pharmaceuticals sector, among companies like Schiff Nutrition International Inc (NYSE:WNI) which is down about 0.7% today, and Cadence Pharmaceuticals Inc (NASDAQ:CADX) trading higher by about 0.4%. Below is a three month price history chart comparing the stock performance of MCK, versus WNI and CADX.

MCK,WNI,CADX Relative Performance Chart


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MCK Makes Bearish Cross Below Critical Moving Average | Market News Video | Copyright © 2008 - 2012, All Rights Reserved

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