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McDonald's Crosses Above its 10-day MA (MCD)

By Nick Russo

Today, shares of McDonald's (NYSE:MCD) have crossed bullishly above their 10-day moving average of $118.45 on a volume of 657K 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 36% above that low price at $118.91 per share. The 200-day and 50-day moving averages have moved 0.56% higher and 0.76% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in McDonald's. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of McDonald's in search of a potential trend change.

Keywords: moving crosses mcdonald's

Ticker(s): MCD