MCD

FirstConsul · #1 (**permalink**) 11-12-05, 02:42 AM

Long on break of $34.33. Entry at $34.5
Small H&S bottom plus rectangle now, a break upwards should be bullish.

Stocktrading101 · #2 (**permalink**) 11-14-05, 12:33 AM

We have been discussiong 52-week highs in the other gen discussion section for intermediate traders, and I think that this is a prime example. So, as MCD nears its 52 week high here, I think there will not be much overhead resistance on it. The 50-day is in a great location, it seems to be under some accumulation, but the one thing that bothers me is the industry group rating, C+. Growth rate only 7%, Acc/Dis = B; I think there may be better picks out there.

Stocktrading101 · #3 (**permalink**) 11-14-05, 12:35 AM

Forgot to add a weekly on it,