MCK, MCKesson Corp.

MCK l 2012MCK m 2012mmck s 2012

They are in the pharma, healthcare etc. business. We do not like it at these prices. The count is not perfectly clear but there are at least three “wedges” and the stock is doing the Mnt. Everest thing with a high of $97.23 .  A sustained break of $90 could lead to $65 in a very short period of time, lower levels after that.

A count not shown would be a large B-wave from the lows of 2000 at about $17. The risk/reward is simple not here. Time to sell.