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Mcdonalds Corp Bearish Moving Average Crossover Alert (MCD)

By David Diaz

Today, shares of Mcdonalds Corp (:MCD) have crossed bearishly below their 10-day moving average of $203.94 on a volume of 353K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Mcdonalds Corp have traded between a low of $153.13 and a high of $206.39 and are now at $203.32, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.4%.

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 12.4%. 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