McKesson Stock Shoots To Record High 2 Days In Row
Health care products giant McKesson‘s (MCK) stock broke out of a flat base Tuesday and jumped to a record high. It continued rising Wednesday.
Last quarter Irving, Texas-based McKesson reported a 5% earnings gain to $8.26 per share on a 23% surge in revenue to $97.8 billion. Analyst consensus is for continued double-digit revenue growth the rest of this year, according to FactSet.
McKesson Near Takeoff Point For Run Higher?
Meanwhile, the Relative Strength (RS) Rating for McKesson stock climbed into a higher percentile as it got a lift from 66 to 79 Wednesday. The upgraded RS Rating puts McKesson stock just one point below the 80 RS Rating that The IBD Methodology investors look for. Decades of market research shows that the…
