AI
Tuesday, January 23, 2018 12:07:38 PM
Watch This Spicy Trade Level For McCormick & Company Inc
McCormick & Company Inc (MKC:NYSE) is a leading manufacturer of spices, seasoning mixes, condiments and other flavorful products to the food industry. The stock topped out in June 2017 at $106.50 a share. Since that pivot high the stock has traded in a very choppy trading range. Today, MKC stock is trading lower by 0.58 cents to $98.58 a share. The stock looks to have very good daily chart support around the $95.00 area. This support level was where the stock was defended on November 7, 2017. Often, prior support levels will be very good trade levels when retested. Traders should note that the company will report earnings on January 25, 2018 before the opening bell.
Nicholas Santiago
InTheMoneyStocks
McCormick & Company Inc (MKC:NYSE) is a leading manufacturer of spices, seasoning mixes, condiments and other flavorful products to the food industry. The stock topped out in June 2017 at $106.50 a share. Since that pivot high the stock has traded in a very choppy trading range. Today, MKC stock is trading lower by 0.58 cents to $98.58 a share. The stock looks to have very good daily chart support around the $95.00 area. This support level was where the stock was defended on November 7, 2017. Often, prior support levels will be very good trade levels when retested. Traders should note that the company will report earnings on January 25, 2018 before the opening bell.
Nicholas Santiago
InTheMoneyStocks
