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Bullish Moving Average Cross by McDonald's (MCD)

By Shiri Gupta

Today, shares of McDonald's (NYSE:MCD) have crossed bullishly above their 10-day moving average of $151.59 on a volume of 446K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, McDonald's has traded in a range of $87.50 to $153.90 and is now at $151.70, 73% above that low. 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 McDonald's 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 McDonald's have risen 21.7%. We continue to monitor MCD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mcdonald's

Ticker(s): MCD