Where Will McDonald’s Go Next?
C = Catalyst for a Stock’s Movement
McDonald’s has been a consistent innovator in the fast food industry over the years. It operates restaurants worldwide that offer food, soft drinks, coffee, and miscellaneous beverages in a quick and tasteful matter. The company continues to see increased popularity worldwide, and there is no sign of slowing. As McDonald’s restaurants appear in more parts of the world and appeal to new populations, look for the company to continue seeing record profits for years to come.
T = Technicals on the Stock Chart are Strong
McDonald’s has a long term price chart of which many companies would be envious. Since 2002, the stock has seen a beautiful uptrending pattern of higher highs and higher lows. Currently, the stock looks to be pulling back from all-time highs and consolidating multi-year gains. Once this process is complete, look for McDonald’s stock to head towards all-time high territory once again.