The red highlights on the chart below point out that McDonalds’ (MCD) recent problems began between April 12th and July 12th, when the stock failed at four successive attempts to sustain an advance above its $102.22 per share January 2012 benchmark high. On the first three attempts, investors were initially willing to buy the new highs, but left skid marks at the first sign of weakness. No conviction.
Discover the Asbury Advantage.
Contact us at 224.569.4112
to become an Asbury subscriber.
Why Clients Choose Asbury:
“More strategic and less short-term. Asbury’s analysis results in less turnover in costs for trading, and is better at capturing the long-term.”
Fixed Income Portfolio Manager, Asset Management Firm, Pennsylvania