Nov. 15 at 12:03 AM
$MKC is currently trading at
$65.33, below its 30-day moving average (MA30) of
$65.82 and 50-day moving average (MA50) of
$66.33, indicating a bearish short-term trend. The RSI at 40.49 suggests that the stock is nearing oversold territory, which could lead to a potential reversal if buying interest increases. The recent high of
$72.58 and low of
$63.15 over the past 60 days further establishes a range where price action may be contained.
Suggested entry point is at
$65.50, slightly above the last close to confirm buying interest. A stop loss can be set at
$63.00, just below the recent low, to manage risk. For targets, consider
$67.50 (near MA30) and
$69.00 (mid-range of the 60D high-low) to capitalize on potential upward movement.
Monitor the price action closely for any signs of reversal or continuation.
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