MCD: Pre earnings run at new all-time high

McDonald's Corporation (NYSE:MCD)

NYSE:MCD McDonald's Corporation

Trend Lines Candlestick Analysis Technical Indicators MCD preearningsrun Earnings tradingrange breakout alltimehigh Divergence Stocks

trendline candlestick indicator mcd preearningsrun earnings tradingrange breakout alltimehigh divergence stocks

MCD has a pre earnings run underway. It has broken out of a long-term trading range to a new all-time high. The technical indicators are diverging from the price action, indicating the rising risk of a retracement due to profit-taking.

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Martha Stokes, CMT
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