December 10, 2012 at 15:30 PM EST
McDonald's: Look for Consolidation to Take Place
Today’s chart is of McDonald’s Corp. (NYSE:MCD) which franchises and operates McDonald’s restaurants in the global restaurant industry. Its restaurants offer various food items soft drinks coffee and other beverages. The company operates approximately 34 000 restaurants in 120 countries around the world. Click to enlarge Strategy: Look for consolidation to take place. What I Am Looking At: Upside gap this morning after reporting that global sales rose 2.4% in November Underperforming down more than 8% year-to-date Up nearly 8% since its 11/16 52-week low Shares are back to lower gap area from mid-October negative earnings reaction possible area ...
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