Did somebody say McDonald’s? (NYSE:MCD)

by Josh McDonald’s Corp ($MCD) gapped up above prior resistance and is continuing to trade higher today. McDonald’s Corp is up 0.91% at $99.16 on a volume of 3,631,140 shares. McDonald’s Corp continues to trade along the upper edge of the price envelope.

Shares have been sitting on the 200 day moving average, currently at $98.01 before gapping up to open at $98.75 today. Shares have been in a descending channel since April and appear to be breaking out from that channel today.

52 Week Range $85.69-$103.70 Market Cap 98,657,240,761 Average Volume 4,987,261 Dividend Yield 3.30% Institutional Ownership 67.20% Insider Ownership: 0.10% Percentage of Float Short 1.30% Beta 0.38

McDonalds Corp is above the 50 day moving average and above the 200 day moving average. These are bullish, bullish indicators respectively.

McDonalds Corp McDonald’s Corporation franchises and operates McDonald’s restaurants in the food service industry. The Company and its franchisees purchase food, packaging, equipment and other goods from numerous independent suppliers.

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