McDonald's readies to tackle current resistance - Analysis - 16-04-2018

2018-04-16 13:20:48 GMT (Economies.com)
McDonald's readies to tackle current resistance - Analysis - 16-04-2018
 

McDonald's stock (MCD) returned higher in the intraday levels, scoring a profit of 0.07% in the last session, or 0.11 points, while getting buoyed by exiting a descending correctional price channel that guided recent short-term trading, readying thereafter to attack the resistance of 164.70, with positive pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, especially if the resistance of 164.70 was breached, targeting the next one at 178.40. 

 
 
 
  Symbol Last Change Chg.%
1.1694
0.0063
0.5417%
1.3202
0.0132
1.0077%
14.206
0.139
0.988%
71.060
2.072
3.004%
79.46
0.06
0.08%
1202.420
8.645
0.724%
 
 
News Today