Stock Of The Day: Will McDonald's Finally Reverse Bearish Trend?
Portfolio Pulse from Mark Putrino
McDonald's Corporation (NYSE:MCD) is experiencing a bearish trend, with key resistance levels forming due to buyer's remorse. The stock's ability to break through these resistance levels could signal a new uptrend, but failure to do so may result in continued downward movement.
July 29, 2024 | 7:21 pm
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McDonald's Corporation (NYSE:MCD) is facing resistance levels at $263, $277, and $284 due to buyer's remorse. The stock's ability to break through these levels could indicate a new uptrend, while failure to do so may result in continued bearish movement.
The stock's recent earnings report and subsequent price movements have created key resistance levels due to buyer's remorse. The ability to break through these levels will be crucial in determining the stock's short-term direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100