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Next Resistance Level for Mcdonalds Corp (MCD) is $213.07

By Shiri Gupta

Shares of Mcdonalds Corp (:MCD) opened today above their pivot of $210.08 and have already reached the first level of resistance at $211.62. Investors may be interested in a cross of the next upside pivot targets of $213.07 and $216.06.

Based on a current price of $212.40, Mcdonalds Corp is currently 11.3% above its average consensus analyst price target of $188.38. Mcdonalds Corp shares should encounter resistance at the 50-day moving average (MA) of $215.03 and support at its 200-day MA of $194.75.

In the past 52 weeks, Mcdonalds Corp share prices have been bracketed by a low of $156.56 and a high of $221.93 and are now at $212.40, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.4%.

SmarTrend is monitoring the recent change of momentum in Mcdonalds Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mcdonalds Corp in search of a potential trend change.

Keywords: pivot alerts :mcd mcdonalds corp

Ticker(s): MCD