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McDonald's: The Winning Streak Continues (MCD)

By Amy Schwartz

McDonald's (NYSE:MCD) traded at a new 52-week high today of $155.18. This new high was reached on below average trading volume as 803,000 shares traded hands, while the average 30-day volume is approximately 5.4 million shares.

McDonald's Corporation operates and franchises fast-food restaurants worldwide. The Company's franchised and company operated fast food restaurants offer a variety of low price fast foods in locations around the world.

In the past 52 weeks, shares of McDonald's have traded between a low of $87.50 and a high of $155.18 and are now at $154.79, which is 77% above that low price. 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%.

McDonald's (NYSE:MCD) is currently priced 15.9% above its average consensus analyst price target of $130.17. McDonald's shares have support at the 50-day moving average (MA) of $124.50 and additional support at the 200-day MA of $112.56.

SmarTrend recommended that subscribers consider buying shares of McDonald's 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 McDonald's have risen 23.1%. 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 mcdonald's

Ticker(s): MCD