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After Yesterday's Decline of 1.10%, Mcdonalds Corp Offers Investors Better Value

By Shiri Gupta

Mcdonalds Corp (:MCD) traded in a range yesterday that spanned from a low of $192.35 to a high of $195.04. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $193.81 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Mcdonalds Corp have traded between a low of $169.04 and a high of $221.93 and are now at $195.18, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.10% higher and 0.27% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Mcdonalds Corp and will alert subscribers who have MCD in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :mcd mcdonalds corp

Ticker(s): MCD