McDonald’s is Ready for Another Rebound
McDonald’s (MCD) stock prices are moving alongside a sustainable uptrend since October 2016. Prices have reached the uptrend support five times since then and every time they rebounded by 15-20% within the following two-three months.
MCD stocks are declining this year reaching a dip of $248 per share. This 13.5% decline led prices to a trend support. They are now forming a recovery from this strong level. This indicates a highly likely upside within the next 2-3 months. The target price is at $310, with a stop-loss at $210.
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