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Bearish Moving Average Cross by Mcdonalds Corp (MCD)

By Nick Russo

Mcdonalds Corp (NYSE:MCD) shares have crossed bearishly below their 10-day moving average of $159.31 on a volume of 561K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Mcdonalds Corp have traded between a low of $110.33 and a high of $160.20 and are now at $159.08, which is 44% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Mcdonalds Corp on February 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $124.43. Since that recommendation, shares of Mcdonalds Corp have risen 28.4%. We continue to monitor MCD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mcdonalds corp

Ticker(s): MCD