McDonald's Is Poised to Rebound
McDonald's (MCD) topped out in January, following a multiyear rally that lifted the stock to an all-time high at $102. It's been all bad news for Mickey D since that time, with commodity and currency risks weighing down shares. The malaise has dropped the former market leader to 26th in performance out of 30 Dow Jones Industrial Average components.
Distribution has eased up since late March but the stock continues to struggle, posting a five month low just last week. It's now bounced in a minor recovery that could turn into something stronger as we head through May. With this in mind, let's take a look at background technicals and key levels that could finally end this correction and yield an uptrend into triple digits....513 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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