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Bearish Moving Average Cross by Mcdonalds Corp (MCD)

By David Diaz

Today, shares of Mcdonalds Corp (:MCD) have fallen below their 10-day MA of $218.74 on a volume of 500K shares. Swing traders may find 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 $156.56 to $221.93 and is now at $218.58, 40% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Mcdonalds Corp on February 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $181.87. Since that recommendation, shares of Mcdonalds Corp have risen 20.7%. We continue to monitor MCD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses :mcd mcdonalds corp

Ticker(s): MCD