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McDonalds at Make or Break

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August 15, 2013 – Comments (2) | RELATED TICKERS: MCD

McDonald's (MCD) better get their act together here because it isn't about the secret sauce on the Big Mac or whether you "want fries with that". It is about the $95 threshold on the stock chart, and whether that can hold. If not then it is likely the stock is going to revisit memory lane and what the $80's were like. 
Currently it is in a downward channel but it is only slightly downward. Break it, and the bears will become much more inspired, particularly if this market can continue doing what it did today. 
Here's the technical analysis on MCD:

2 Comments – Post Your Own

#1) On August 15, 2013 at 4:44 PM, amassafortune (29.44) wrote:

For the past month, I've been a regular consumer of Micky D's iced coffee. I tried Tim Horton's today that they advertise for $1.79, but that real cream they mention in the ads is extra, so it cost me $2.20. It was more creamy, but not worth $1.20 more than the McDonald's version. 

At 240 calories each, though, I've gained a few pounds even though I've been very active this summer.

"Don't drink your calories" is a good admonishment, so the weaning begins. 

At $95 and a P/E above 17, I'll cut back on MCD shares, too. With a 3.2% stable dividend it's not outrageous, but it's no value deal, either. 

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#2) On August 16, 2013 at 11:18 AM, Gr8BigBoom (91.48) wrote:

Good argument but I don't think the bears are very interested in MCD right now. I personally would rather keep my money and not bet against a company known for pulling rabbits out of hats.  Plus take a look at the options and it's very obvious the bears are still asleep on this company and for good reason. Plus, I would bet many of the investors invested in MCD are div investors and not looking for a pop and walk.

 

I usually don't post but just thought I would add my 2 cents.

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