Yep, a nice curve, indeed McKesson Corporation (MCK) NYSE - Nasdaq Real Time Price. Currency in USD 354.77+7.39 (+2.13%) At close: 04:03PM EDT Sector(s): Healthcare Industry: Medical Distribution Full Time Employees: 58,000 But who can afford to buy 100 shares of this, b/c 100 * 354.77 = $35,477.00.
A fancy chart like that is what got NFLX investors into trouble, and people knew what NFLX did. What the heck does MCK do?
Netflix pricing was never sustainable in the first place. From the moment "Friends" was announced to be withdrawn from their library to HBO, Amazon, Apple and Disney announcing their rivalry it was so god damn easy to predict.
I guess you had entered at the arrow indicated where the lows were getting higher and higher. CONGRATS!!! your account has doubled in size in just a year. no wonder you are speechless and didn't say a word. do close some positions and take some profit. perhaps you should close 3/4 of your long position. and leave the remaining 1/4 position for future upside potential. Time for you to celebrate after patiently waiting for one year. soon there will be price exhaustion or trend reversal. those who missed entering one year ago will most likely chase after the market.
McKesson was chart of the day on August 8 at barchart.com and is currently rated a strong buy, although highly highly overbought and buyers should be wary of a trend reversal. According to barchart, McKesson Corporation is a health care services and information technology company. McKesson operates through two segments: The Distribution Solutions segment and The Technology Solutions segment provides.