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Mcdonalds Corp: The Winning Streak Continues (MCD)

By James Quinn

Shares of Mcdonalds Corp (NYSE:MCD) traded today at $160.12, breaking its 52-week high. Approximately 509,000 shares have changed hands today, as compared to an average 30-day volume of 5.4 million shares.

McDonald's Corporation franchises and operates fast-food restaurants in the global restaurant industry. The Company's restaurants serves a variety of value-priced menu products in countries around the world.

In the past 52 weeks, shares of Mcdonalds Corp have traded between a low of $110.33 and a high of $160.12 and are now at $160.03, which is 45% 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%.

Mcdonalds Corp (NYSE:MCD) defies analysts with a current price ($160.03) 1.1% above its average consensus price target of $158.27. The stock should find initial support at its 50-day moving average (MA) of $124.50 and further support at its 200-day MA of $112.56.

SmarTrend recommended that subscribers consider buying shares of Mcdonalds Corp 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 Mcdonalds Corp have risen 28.6%. We continue to monitor MCD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows mcdonalds corp

Ticker(s): MCD