McDonald’s Corporation ( $MCD )– stock is trading over 200 dollars and offering a possible buying price between $219.06 – $230.01. Let’s look at the stocks technical actions using a weekly chart.
2. The stock brokeout in late March.
3. The stock had a steady run after that. There were couple of mild stops, but continued the run.
4. The stock appears to be in a consolidation, now.
5. The volume appears to be running below average though which is a little concern.
6. But, the stock continue to found support at the 50 day moving average.
7. The stock is offering possible buying price between $219.06 – $230.01, with a stop loss at $201.54.
This stock is already part of our Stocks Above 100 Dollars pick and performance will be tracked here.
