News Formal

Beware McDonald's, but these other restaurant stocks look attractive, says Katie Stockton

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Mcdonald's Corp Noticias

Markets,Breaking News: Markets,Bloomin' Brands Inc

The chart analyst breaks down the chart in McDonald's and a few other stocks.

The sell-off for McDonald's Corp. driven by the E. coli outbreak was meaningful from a chart perspective. The drop resulted in confirmation of intermediate-term overbought 'sell' signals from both the weekly stochastics and the DeMark Indicators. Additionally, MCD is overbought from a long-term perspective in our work. As a result, the MCD chart has the look of false breakout, which tends to give way to more downside.

are near $18.70 and then $20.90, both of which are Fibonacci retracement levels. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here .

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Charts indicate a near-term rally in energy stocks will continue. How to play itKatie Stockton breaks down the chart in the SPDR Energy ETF and Exxon Mobil.
Fuente: CNBC - 🏆 12. / 72 Leer más »