Mccormick & Co price rallies - Forecast today - 27-03-2024

Mccormick & Company’s stock price (MKC) rallied in the intraday levels, amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA, which helped the stock pierce the resistance of 70.50, with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the first resistance at 82.94, provided it settles above 74.30. 

Trend forecast: Bullish