This Stock May Need More Than All Day Breakfast
The stock chart of McDonald's Corporation(NYSE:MCD) has been very weak as of late. MCD stock continues to trade below its 200 and 50 day moving averages. This formation puts the stock in a weak technical position. The next solid chart support level for MCD stock looks to be around the $110.00 area. Traders should note that McDonald's Corp will report earnings on October 21st before the opening bell.