Trade with Eva: Analytics in action >>
Showing posts with label breakaway gaps. Show all posts
Showing posts with label breakaway gaps. Show all posts

Sunday, October 25, 2015

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.


monthly

weekly

daily