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TMCNet:  Downgrade Alert for McCormick & Co (MKC)

[April 02, 2013]

Downgrade Alert for McCormick & Co (MKC)

Apr 02, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- McCormick & Co (NYSE:MKC) was downgraded from Buy to Neutral at Northcoast today. The stock closed yesterday at $72.71 on volume of 810,000 shares, above average daily volume of 679,000. McCormick & Company, Inc. manufactures, markets, and distributes flavor products (including spices, herbs, extracts, seasonings and flavorings) and other specialty food products to the food industry. The Company sells to retail stores, food manufacturers, and food service businesses.


Over the past year, McCormick & Co has traded in a range of $53.31 to $73.69 and closed yesterday at $72.71, 36% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

McCormick & Co (NYSE:MKC) defies analysts with a current price ($72.71) 11.6% above its average consensus price target of $64.27. McCormick & Co shares have support at the 50-day moving average (MA) of $67.14 and additional support at the 200-day MA of $63.35.

SmarTrend recommended that subscribers consider buying shares of McCormick & Co on February 28th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.29. Since that recommendation, shares of McCormick & Co have risen 8.1%. We continue to monitor MKC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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