MCKESSON CORP (NYSE:MCK) – A Strong Growth Stock Meeting Minervini’s Criteria

MCKESSON CORP (NYSE:MCK) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company demonstrates strong technical trends and solid fundamental growth, making it a candidate for further analysis.

Why MCK Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks in strong uptrends with improving fundamentals. MCK meets the key technical criteria:

• Price Above Key Moving Averages: The stock is trading above its 50-day ($683.56), 150-day ($617.49), and 200-day ($596.28) moving averages, confirming a bullish trend.
• Rising Moving Averages: Both the 150-day and 200-day MAs are trending upward, reinforcing long-term strength.
• Relative Strength: With a ChartMill Relative Strength (CRS) score of 91.26, MCK outperforms 91% of the market.
• Proximity to 52-Week High: The stock is trading near its 52-week high of $728.48, indicating strong momentum.

High Growth Fundamentals

Beyond technical strength, MCK exhibits strong earnings and revenue growth:

• Earnings Growth: EPS surged 63.75% year-over-year in the latest quarter, with TTM EPS growth at 20.71%.
• Revenue Growth: Sales increased 18.95% in the last quarter, with TTM revenue growth at 16.22%.
• Profit Margin Expansion: The latest quarter’s profit margin improved to 1.39%, up from 0.92% in the prior quarter.
• Free Cash Flow Growth: FCF per share grew 44.09% year-over-year, reflecting strong cash generation.

Technical Outlook

The stock has a perfect ChartMill Technical Rating of 10, supported by:

• A short-term and long-term uptrend.
• A support zone between $676.55 and $703.21, providing a potential stop-loss level.
• A resistance level at $726.41, which, if broken, could signal further upside.

For a deeper technical breakdown, review the full technical report.

Our High Growth Momentum + Trend Template screener lists more stocks with similar characteristics.

Disclaimer

This is not investment advice. Always conduct your own research before making any investment decisions.