McDonald's Corporation (NYSE:MCD)
McDonald’s Corporation (McDonald’s) franchises and operates McDonald’s restaurants in the global restaurant industry. These restaurants serve a menu at various price points in more than 100 countries around the world. McDonald’s menu includes hamburgers and cheeseburgers, Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, wraps, french fries, salads, oatmeal, shakes, McFlurry desserts, sundaes, soft serve cones, pies, soft drinks, coffee, McCafé beverages and other beverages. In addition, the restaurants sell a variety of other products during limited-time promotions. McDonald’s restaurants in the United States and many international markets offer a full or limited breakfast menu. Breakfast offerings include Egg McMuffin, Sausage McMuffin with Egg, McGriddles, biscuit and bagel sandwiches and hotcakes.
Official website: www.aboutmcdonalds.com
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.