McDonalds: Are Investors Still Lovin’ It?
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.