McCormick & Co receives positive support - Analysis - 02-06-2023

Economies.com
2023-06-02 12:24PM UTC

McCormick & Company, Incorporated's stock (MKC) rose in the intraday levels, after leaning on the support of the 50-day SMA, with positive signals from the RSI after reaching oversold levels, amid the dominance of the upward correctional short-term wave, marking a profit of 2.16% in the last session, or 1.85 points, and settling at 87.58. 

 

Therefore we expect more gains for the stock, targeting the resistance of 93.00, provided the support of 84.80 holds on.

 

Expected trend for today: Bullish

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