Starbucks tries to correct downward trend - Analysis - 18-07-2018

IBM's stock fell in the intraday levels, leaning on the support of the 50-day SMA, while trying to vent off overbought saturation in the RSI and gather momentum to help it rise anew, recording a loss of 1.35% in the last session, or 1.97 points, while getting buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern.

Pfizer's stock (PFE) rose anew in the intraday levels, with positive support from the 50-day SMA, coupled with the dominance of the main upward trend in the medium and short terms, scoring thereafter a 0.72% profit in the last session, or 0.27 points, countered with negative signals from the RSI, as the stock tries to vent off overbought saturation.

McDonald's stock (MCD) rose 0.61% in the last session, or 0.97 points after leaning on the main upward trend line, with positive signals from the Relative Strength Index, while trying to shake off negative pressure from the 50-day SMA.