Time to Add a Little More Spice: McCormick Earnings

Traders often talk about the ease of getting into a trade but that the hard part is getting out of it profitably or even for a small loss. Despite this view, long term trending stocks can be the opposite, some of the hardest stocks to get into, bucking the conventional wisdom. Take McCormick & Co. (ticker: $MKC) as an example. It has been in a long and strong uptrend for over 2 1/2 years. And it looks strong going forward. But where are the entry points? Take a look at the daily chart below. A pullback to to 50 day Simple Moving Average is all it gives. It happened at the beginning of the month and then after earnings in March. I gave you a warning on that one (link below). Well McCormick reported earnings again Thursday morning. They beat estimates but guidance was a little below consensus. This may be your next chance to get in.

McCormick Earnings are an Opportunity to Put a Little Spice in Your Life

As always you can see details of individual charts and more on my StockTwits feed and on chartly.)

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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