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Bearish Moving Average Cross by Mcdonalds Corp (MCD)

By David Diaz

Mcdonalds Corp (NYSE:MCD) crossed under its 10-day moving average of $165.75 on a volume of 824K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Mcdonalds Corp has traded in a range of $146.84 to $178.70 and is now at $163.98, 12% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Mcdonalds Corp and will alert subscribers who have MCD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses mcdonalds corp

Ticker(s): MCD