American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Mccormick & Co price rallies - Forecast today - 27-03-2024

Economies.com
2024-03-27 10:54AM UTC

Mccormick & Company’s stock price (MKC) rallied in the intraday levels, amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA, which helped the stock pierce the resistance of 70.50, with positive signals from the RSI despite reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the first resistance at 82.94, provided it settles above 74.30. 

 

Trend forecast: Bullish 

 

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