Hello Traders and welcome to AAATrade’s Intraday Technical Analysis session.

Today’s instrument is the McCormick & Co‘s stock, which is engaged in the manufacturing, marketing and distributing of spices, seasoning mixes, condiments and other flavorful products to the food industry, traded in NYSE exchange under the ticker MKC. 

Looking at the MKC‘s chart, we can see that it is in a downtrend, and it was lastly traded at around $72.87.

Tomorrow it is announcing its quarterly earnings, and if the market’s anticipation is positive then, today we should expect it to rise towards its resistance level at around $76 otherwise it could drop towards its 52W low price of $70.60.

Thank you for reading AAATrade’s Intraday Technical Analysis.

From all of us here, we wish you successful and responsible trading. 

More By This Author:

Daily Technical Analysis Of EURUSD - Friday, March 24
Technical Analysis Of Carnival Corporation
Daily Technical Analysis Of USDJPY - Thursday, March 23