Shares of McKesson Corp. (NYSE:MCK) traded today at $151.31, eclipsing its 52-week high. Approximately 137,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.
In the past 52 weeks, shares of McKesson Corp. have traded between a low of $106.11 and a high of $151.31 and is now at $151.31, which is 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.
McKesson Corporation distributes pharmaceuticals, medical-surgical supplies, and health and beauty care products throughout North America. The Company also develops, implements, and supports software that facilitates the integration of data throughout the health enterprise. In addition, McKesson offers analytic, care management, and patient solutions for payers.
Potential upside of 18.5% exists for McKesson Corp, based on a current level of $151.31 and analysts' average consensus price target of $179.25. The stock should discover initial support at its 50-day moving average (MA) of $140.58 and subsequent support at its 200-day MA of $130.50.
NetworkNewsWire is monitoring the Health Care Providers & Services Industry for any potential shift so investors can protect gains.
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