Monday, October 17, 2016 10:59:30 AM
The stock chart of McDonald's Corporation(NYSE:MCD) has been very week as of late. MCD stock continues to trade below its 200 and 50 day moving averages. This formation puts the stock in a weak technical position. The next solid chart support level for MCD stock looks to be around the $110.00 area. Traders should note that McDonalds Corp will report earnings on October 21st before the opening bell.
Nick Santiago
InTheMoneyStocks
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