McKesson Corporation (MCK) closed higher in its latest trading session, as the stock continued its recovery after establishing a higher low that helped restore positive momentum. The stock remains within a short-term bullish corrective trend and continues to trade above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and reinforcing the prospects for extending its recent gains. Meanwhile, momentum indicators are beginning to form a bullish divergence after reaching deeply oversold levels relative to the stock's price action, with a bullish crossover also starting to emerge, further strengthening the positive technical outlook.

Therefore, our outlook remains bullish for the stock's upcoming trading sessions, as long as support at $822.65 remains intact. Under this scenario, the stock is expected to target its first resistance level at $948.40.

Today's price forecast: Bullish.