Bullish ‘breakaway gap’ in McDonald’s stock points to new uptrend

High volume helps validate the bullish breakout in fast-food giant’s stock

A bullish “breakaway gap” in McDonald’s Corp.’s chart suggests the stock has broken out of a four-year trading range and started a new uptrend, in one fell swoop.

McDonald’s stock (MCD) ran up $8.33, or 8.1%, on Thursday, marking the biggest one-day price gain in its history, after the fast-food giant reported blowout third-quarter results.

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