Our computer are showing that smart money is buying the following stocks today: MCD AMD HBI X MRO CYH MWW WAG VZ KFT We periodically provide information on trades that we do not recommend, but our readers may be able to take advantage. Full disclosure: we are long MWW, MRO,
There were two immediate triggers to our McDonald’s (MCD) trade. First McDonald’s reported less than expected same store sales increase. Second in the premarket McDonald’s broke the support at $78.82, its 50 moving average. The macro picture is not favorable for a number of reasons. First McDonald’s
We are taking partial profits on McDonald’s (MCD) at $81.11.
We are lowering the stop zone on one-quarter of our McDonald’s Corp (MCD) position to $81.42 to $81.62
McDonald’s Corp (MCD) reported below expectation same store sales. McDonald’s opened lower. Now McDonald’s is undergoing a massive short squeeze. We will start scaling in shorts on the exhaustion of current upspike. Please use your technical indicators to determine the exhaustion. Suggested entry zone is $81.20