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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!