inthemoneystocks 0 Report post Posted April 22, 2020 Shares of McDonald’s Corp (MCD) are rising nearly 5% today on the back of solid earnings from Chipotle Mexican Grill (CMG). The fast food pickup/takeout game is alive and well as consumers are getting tired of cooking at home. On a technical basis, there is a McDonald’s stock chart breakout above the daily 50 moving average today. This likely gives it further upside to the daily 200 moving average at $201 in the coming weeks. This means there is the potential for another 7-8% upside in McDonald’s Corp until it hits a short/sell level. As a swing trader, I accept the stock chart breakout, sitting back and letting it run higher in the near-term. Aggressive traders/swing traders can likely buy it and play the upside move. I will likely step up and short the key 200 daily moving average at just over $200/share. See the chart here:https://inthemoneystocks.com/stock-chart-breakout-on-mcdonalds-corp-mcd/ Gareth Soloway InTheMoneyStocks Chief Market Strategist Share this post Link to post Share on other sites
