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SmarTrend Watching for Potential Rebound in Shares of Mcdonalds Corp After 2.18% Loss

By Nick Russo

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, shares of Mcdonalds Corp have traded between the current low of $0.00 and a high of $221.93 and are now at $0.00. Over the past week, 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