Monday, June 10, 2019 12:31:18 PM
Leading restaurant stock, McDonald's Corp (NYSE:MCD), has been a major winner in 2019. Unfortunately, today the stock is selling off sharply trading lower by $3.36 to $202.11 a share. It should be noted that MCD stock still remains in an up-trend and above all of its key moving averages. The stock has very solid daily chart support around the $194.00 level. This is where the stock pivoted on May 2, 2019. Often, when a stock is in this type of a strong up-trend it will be defended by the institutional crowd when the first important support level is tested.
Nicholas Santiago
InTheMoneyStocks
Recent MCD News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
