The Bears have regained control in this recent volatility and have driven the stock back below its 50 Day Moving Average. The recent upswing was rejected at the 200 Day, which was very bearish for the stock and signaled lower pricing. If you follow this page, you'll know I've been bearish MCD stock for some time, ever since the 200 Day was breached in the 98 area. That hasn't changed. On a technical level, I'm bearing this stock in the short and intermediate term.
A RAY HOLDEN STORY
Stephen Moran lives in Las Vegas with his beautiful wife, baby Kiana, and two dogs.