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McDonald's Bullish Moving Average Crossover Alert (MCD)

By James Quinn

Today, shares of McDonald's (NYSE:MCD) have advanced above their 10-day MA of $129.35 on a volume of 843K 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.

In the past 52 weeks, McDonald's share prices have been bracketed by a low of $87.50 and a high of $131.96 and are now at $129.67, 48% above that low price. Over the last five market days, 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 March 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $122.47. Since that recommendation, shares of McDonald's have risen 5.4%. 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