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

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 .

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »