McDonald's Breaks Down
McDonald's (MCD) is leading the downside in the Dow Industrials today. The nearly 4% flush is being fueled by a massive selling surge. Volume is already double average and will likely reach a new high for the year by the close. Disappointment with this morning's third-quarter earnings report sparked the drop that pushed MCD to a deep gap lower open. The shares opened the session at fresh October lows and have been under heavy pressure all day. The stock is now nearing its September lows near $88.70 but support here is unlikely to hold under this powerful momentum.
McDonald's (MCD) -- Daily Source: TradeStation View Chart » ...225 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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