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Bullish Moving Average Cross by Mcdonalds Corp (MCD)

By Shiri Gupta

Today, shares of Mcdonalds Corp (:MCD) have advanced above their 10-day MA of $216.58 on a volume of 457K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Mcdonalds Corp share prices have been bracketed by a low of $156.56 and a high of $221.93 and are now at $217.48, 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 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 19.0%. 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