Market Overview

MCD Triple: 100 SeemsTo Be the Top

MCD Triple: 100 SeemsTo Be the Top
Related MCD
Goldman Is Buying Wendy's, Downbeat On Brinker & Bloomin' Brands
It Looks Like Wendy's 4 For $4 Promo Is Boosting Sales
Tracking Larry Robbins' Glenview Capital Management Portfolio - Q3 2015 Update (Seeking Alpha)

Shares of McDonald's (NYSE: MCD) can't seem to have it their way when it comes to getting above the 100 level. The stock has traded past 100 on three occasions (January 2012, April 2013 and May 2014) only to fail to hold each time. In April 2013, the shares pulled back to the 93 level before finding support.

With MCD now trading 93.06, right at the 93 support level from last April, it will be interesting to see if MCD can find a floor at these levels. If not, 87 looks like the next technical level of support.

Chart Courtesy of ThinkorSwim.

Posted-In: News


Related Articles (MCD)

Get Benzinga's Newsletters