McDonald's Corporation MCD shares are trading higher by $0.86 at $119.26 in Monday's session. The catalyst for the rally to a new all-time high was a Q4 beat for EPS of $0.15 on slightly better revenues.
Although the issue catapulted to $123.74 in pre-market trading, it peaked off the opening bell at $121.90 and began to move lower.
See Also: McDonald's Readies For A Comeback
Since making that high, it has continued to weaken and has continued to make new lows for the session. In order to reach the upper portion of Friday's range, it would need to reach $118.75.
In order to post a new all-time closing high, it would need to close above its December 29 high of $120.07.
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