McDonalds Testing One Year Channel Resistance

By | May 19, 2015

This is a weekly chart but McDonalds (MCD) is up 2.7% today, taking the stock price above the top end of a large one year channel pattern. It remains to be seen if the weekly candle can hold and close above this level going into the end of the week, but considering all the talk about how the company has lost focus (the fries are still great), the move in the stock price this year has been surprising.

55519.MCDweeklychart

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