McDonald's Sketches Base: What Can You Expect?
A stock's history can be useful. How a stock acts after breakouts can help gauge expectations. McDonald's (MCD) is a stable earner with a 2.8% dividend yield. Last year the stock rose 31% as the market smiled on blue chips. This year the stock is down 1%. While the RS line has been declining this year, the stock's recent action is extremely tight. McDonald's has completed the sixth week of a flat base, part of a base on base. The potential buy
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