CLICK ON CHART TO ENLARGE
McDonald’s has reflected tremendous relative strength, as it has outpaced the S&P 500 by 250% over the past 9 years. MCD has declined 35% since the first of the year, which has taken it down to a support line that has held each time over the past 9 years.
Is a real “Value” at hand right now? MCD is the 5th largest stock in the Dow Jones 30 index. This support line needs to hold for MCD right now! A support break would not be good for this stock nor the Dow!
And if it breaks the trend line?
Tom….You are correct on the math, sorry for the mistake. They key to this chart, isn’t my bad math, its the support line.
Thanks for the comment,
Must be new math as I can only come up with a decline of approximately 16.25% since the first of the year.
“Down 35%”? I wish, but that’s incorrect.
Sonny….Good luck, Thanks for the viewership and hope this helped in some small way,
Chris, Thanks for this MCD post. I’ve owned some MCD since 2007. Watching the recent decline have been wondering if time to sell. This analysis is very helpful for me. Thanks again.