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

By David Diaz

McDonald's (NYSE:MCD) shares have crossed bearishly below their 10-day moving average of $115.77 on a volume of 667K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, McDonald's has traded in a range of $87.50 to $131.96 and is now at $115.23, 32% above that low. 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 recommended that its subscribers protect gains by selling shares of McDonald's on July 27th, 2016 by issuing a Downtrend alert when the shares were trading at $120.51. Since that call, shares of McDonald's have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses mcdonald's

Ticker(s): MCD