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 worth examining for investors focused on high-growth opportunities.
Why MCK Fits the Minervini Trend Template
Minervini’s strategy emphasizes stocks in strong uptrends with clear technical strength. MCK meets these criteria:
Price Above Key Moving Averages: The stock trades above its 50-day ($703.03), 150-day ($642.28), and 200-day ($609.44) 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 84.05, MCK outperforms 84% of the market.
Near 52-Week High: The stock is trading within 1% of its 52-week high ($732.99), indicating strong momentum.
Volatility Contraction: The technical report highlights a consolidation phase with reduced volatility, suggesting a potential breakout opportunity.