Live monitoring of the Double Bottom setup on MKC. See where price is heading.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
Market participants tracking McCormick & Company should note the latest formation. The stock is trading at $46.63, down 0.15% on the day. Price action has carved out a classic Double Bottom. Volume is average (0.26x avg) with moderate trend strength (40.1). A potential breakout level is identified at $54.23, targeting $63.63 with support near $49.52 (R:R 2.0).
What is your outlook on MKC?