More to come from MCD

MCD daily chartAs you all know from my previous posts MCD is one of my watch list stocks, and since the buying by the market makers in November which was self-evident, it has been performing very well. First quarter earnings are due on 29th January with a forecast of $1.96 against last year’s Q1 of $1.97, so marginally lower. But if the forecast is beaten this should provide the catalyst for further gains and a move to test the $220 per share highs of summer 2019.

By Anna Coulling

Charts from NinjaTrader and indicators from Quantum Trading

 

 

 

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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