One of the stocks I follow is McDonalds Stock. The giant of the fast food industry, this company keeps reinventing itself and despite recent disappointing results, the company still is increasing revenue and profits. The past couple of days has seen weakness in the stock and I have received a number of alerts from my discount broker platform. These alerts are set for the 50 day simple moving average (SMA) to advise me when the stock has fallen below and /or above the 50 day SMA.
McDonalds Stock 6 Month Daily Chart
The daily chart below shows that McDonalds Stock has set up a pattern of lower highs but not lower lows over the past couple of months. The break through the 50 day simple moving average (SMA) is in the chart below. The last trade done in McDonalds Stock was on June 13 when the stock recovered from falling through the Lower Bollinger Band. Meanwhile the pattern of lower highs but not lower lows advises investors that the stock is being picked up on dips and there is no panic selling happening in the stock. In other words, there is some underlying strength which some investors might not notice.
McDonalds Stock to July 1 2014
This has set up another trade in McDonalds Stock for 2014. While I like the trade I placed I think there is still a better trade worth considering which I discuss in this article.
Trade Alert and Analysis for McDonalds Stock
To read the McDonalds Stock trade alert and trade ideas for July 1 2014, FullyInformed USA Members can can login directly through this link or Members can sign in to the full USA members site here. Non-members can join here.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
McDonalds Stock Internal Links
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