McKesson Corp. stock trades under the ticker MCK & has shown recent bullishness in a volatile broader market that traders & investors should take a closer look into.
MCK stock closed at $363.22/share on 8/24/2022.
McKesson Corp. MCK Stock’s Technical Performance Broken Down
MCK Stock Price: $363.22
10 Day Moving Average: $367.15
50 Day Moving Average: $335.99
200 Day Moving Average: $291.60
RSI: 61.02
MACD: 9.584
Yesterday, MCK stock completed a bearish MACD crossover, after climbing for two consecutive months since mid-June.
Recent volumes have been lighter than average for the year prior, and their MACD is still on the overbought side of neutral, showing signs of near-term cooling, which may offer buying opportunities for investors & traders.
They have support at the $346.30/share price level, as they try to break out above the $375.23/share resistance level.
McKesson Corp. MCK Stock As A Long-Term Investment
Long-term oriented investors may find MCK stock’s valuation metrics to be a bit rich, with a 38.64 P/E (ttm) & a 5.04 P/B (mrq).
They recently reported 7.1% Quarterly Revenue Growth Y-o-Y, with 58% Quarterly Earnings Growth Y-o-Y.
Their balance sheet may require a closer examination before investing, with $2.23B of Total Cash (mrq) & $7.43B of Total Debt (mrq).
MCK stock pays a 0.52% dividend yield, which appears sustainable in the long-run, as their payout ratio is 19.96%.
89.86% of MCK stock’s outstanding share float is owned by institutional investors.
McKesson Corp. MCK Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to protect their portfolios from volatility, while also profiting from price movements in MCK stock.
I am looking at the contracts with the 9/16 expiration date.
The $360 calls are in-the-money.
The $370, $365 & $367.50 puts are also all in-the-money, listed from most to least liquid strike price.
Tying It All Together
MCK stock has many interesting attributes that traders & investors are sure to find appealing.
Investors will like their modest dividend yield & recent growth, but may want to do more research into the structure of their balance sheet before investing.
Traders will like their recent technical performance over the summer, but may be disappointed by how liquid their options are.
Overall, it is worth taking a closer look into MCK stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF MCK STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***