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Look for Shares of Mcdonalds Corp to Potentially Rebound after Yesterday's 2.18% Sell Off

By David Diaz

Mcdonalds Corp (NYSE:MCD) traded in a range yesterday that spanned from a low of $172.06 to a high of $176.57. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $176.44 on volume of 1.9 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.

In the past 52 weeks, Mcdonalds Corp share prices have been bracketed by a current low of $0.00 and a high of $221.93 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.7%.

Keywords: rebounders mcdonalds corp

Ticker(s): MCD