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Rant & Rave Blog

This Stock May Need More Than All Day Breakfast

Posted by Nick Santiago Monday, October 17, 2016, 10:46AM ET

Read 897 times

The stock chart of McDonald's Corporation(NYSE:MCD) has been very weak as of late. MCD stock continues to trade below its 200 and 50 day moving averages. This formation puts the stock in a weak technical position. The next solid chart support level for MCD stock looks to be around the $110.00 area. Traders should note that McDonald's Corp will report earnings on October 21st before the opening bell.

 

 

 

Nick Santiago

www.InTheMoneyStocks.com

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