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Mcdonalds Corp Falls 1.10% on Heavy Volume: Watch For Potential Rebound

By James Quinn

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.

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.

Over the past year, Mcdonalds Corp has traded in a range of $169.04 to $221.93 and is now at $195.18, 15% above that low. The 200-day and 50-day moving averages have moved 0.10% higher and 0.27% lower over the past week, respectively.

Keywords: rebounders :mcd mcdonalds corp

Ticker(s): MCD