McDonald's regains footing - Analysis - 11-08-2017

McDonald's stock (MCD) returned higher in the intraday levels, scoring a profit of 1.10% in the last session, or 1.70 points, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with positive signals from relative power indicators. 

Therefore we expect more gains for the stock, targeting the resistance of 159.78, as long as the support of 153.74 holds on.