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McDonald's Bullish Moving Average Crossover Alert (MCD)

By David Diaz

Today, shares of McDonald's (NYSE:MCD) have crossed bullishly above their 10-day moving average of $122.58 on a volume of 1.1 million 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.

McDonald's share prices have moved between a 52-week high of $131.96 and a 52-week low of $87.50 and are now trading 41% above that low price at $122.97 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.6%.

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

Keywords: moving crosses mcdonald's

Ticker(s): MCD