McCormick Company, Incorporateds stock price (MKC) slipped lower in latest intraday trading, while moving alongside a short-term descending trend line, with negative signals streaming from the Stochastic after reaching overbought levels. The stock also broke below the support of the 50-day SMA, exposing it to intensified negative pressure.

Therefore we expect the stock to decline further in upcoming trading, as long as the resistance of $76.10 holds on, targeting the pivotal support of $70.80.

Todays price forecast: Bearish