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Mcdonalds Corp (MCD) Breaks Through Support at $167.06

By James Quinn

Shares of Mcdonalds Corp (NYSE:MCD) have bearishly opened below the pivot of $169.53 today and have reached the first support level of $167.06. Analysts will be watching for a cross of the next downside pivot targets of $165.75 and $161.97.

In the past 52 weeks, Mcdonalds Corp share prices have been bracketed by a current low of $0.00 and a high of $178.70 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.03% lower and 0.40% higher over the past week, respectively.

Mcdonalds Corp (NYSE:MCD) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $188.38. The stock should find initial resistance at its 50-day moving average (MA) of $162.15 and further resistance at its 200-day MA of $162.67.

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: pivot alerts mcdonalds corp

Ticker(s): MCD