Monday, August 10, 2009

McDonald’s Price Alert on Volume: Chart Event (MCD)

McDonald’s Corp. (NYSE: MCD) is trading up this morning after reporting that same-store sales chromatic 4.3%, higher than estimates.  But what is more impoirtant than meet the news is the volume and interpret signal that will be reaching into play today. McDonald’s winking at $55.20 friday and shares are up 1.6% at $56.10 as of 8;56 AM EST.  The interpret signal is because the 200-day averge is $56.09 and the 50-day moving average is $57.39.  MCD poor under the 50-day two weeks ago and poor under the 200-day a week ago.  These are key levels for longer-term technical traders and puts the stock as one to check with those levels in mind. -JON OGG


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