Source
r/wallstreetbets•
Distrant

Any other regards on MCK?

Discussion

Grabbed some July 430 calls at open today. Seems to have confirmed new ath after consolidating for 7-8 months with multiple dailies above although I normally would want to wait for at least the weekly to set it in. But this is wsb so yolo.

One thing that makes me nervous is it almost always trades below the 20ema but has been above and it’s 86% owned institutionally. They may want to cash in some profits but it’s not coming off some massive lows or anything where anyone should have been underwater for a long time.

Posted Jun 22, 2023, 2:02 AM UTC

13
VisualModMODTuring Test Proctor•
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1
VisualModTuring Test Proctor•

If you're looking to cash in on some profits, I would recommend waiting for the weekly confirmation. However, given that this stock is heavily owned by institutions, it's possible they could start selling soon.

1
HumbleandHungry2027•

MCK is a great company, long term play for sure. Not sure what it’ll do in the short term, I agree might want to grab some profits when given the chance and play with the houses $

1