McDonald’s (MCD) May 4, 2015 preview

MCD shares having problems with the $100 barrier. I recognize an inverse head & shoulders formation on the chart, which is bullish. Price consolidation in the vicinity of $100 is very constructive. The trend is still up and I maintain a bullish view on the stock.

MCD daily chart (3 months)

mcd

Chart courtesy of http://www.StockCharts.com

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