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Mckesson Trying To Close In On Key Technical Measure

Mckesson (MCK) had its Relative Strength (RS) Rating upgraded from 67 to 74 Tuesday — a welcome improvement, but still below the 80 or better score you prefer to see.




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As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the last 52 weeks compares to other publicly traded companies.

History reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Mckesson can continue to rebound and clear that threshold.


See How IBD Helps You Make More Money In Stocks


Mckesson is building a flat base with a 210.10 buy point. See if it can clear the breakout price in volume at least 40% above average.

Earnings grew 101% last quarter, up from 18% in the prior report. Revenue also increased, from 1% to 13%.

Mckesson holds the No. 1 rank among its peers in the Medical-Wholesale Drugs industry group.

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