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

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Mcdonald's Corp समाचार

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 .

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

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.
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