MCD Stock: Is Trouble Cooking for McDonald’s?

Posted On October 26, 2018 2:12 pm

Mcdonalds logo

Source: Shutterstock.com/g/rzoze19

Over the past few weeks — even as the broader market has a meltdown — McDonald’s  (MCD) has been hot, hitting a new 52-high, following last week’s solid earnings report.  But, there may be trouble cooking behind the counter.

You can see shares of MCD were rising through most of October, despite overall market weakness and then surged to new highs following its October 23 earnings report.

But from a technical standpoint, the …

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Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.