After the publication of weak quarterly financial statements for the McDonald’s 1st quarter of 2015, CEO Steve Easterbrook promised to provide a detailed turnaround plan to overcome the recession. This plan will be presented in the next month – pre May 4th. Publication of news shifted to negative investor sentiment toward purchases, resulting in a McDonald’s shares went up out of the downward channel.
The company McDonald’s struggling with a decline in sales and the weakening of the image. Easterbrook took over the company in March and has taken decisive steps to change the situation.
|McDonalds stock chart|
Support and resistance levels
Support 1 97,83
Support 2 97,28
Current price: 98,8
Resistance 1 99,72
Resistance 2 100,72
McDonald’s (MCD) – buy MCD stock – Buy at rollback quotations zone 98,15. Objective – 99.7. Stop-Loss-97,28
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.