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Friday, July 25, 2014

McDonald is severely oversold

McDonald (MCD) is one of the best value stocks in the world. You can simply rely on it to generate tons of money for you as long as you trust it and keep your faith with it. Right now you have a great opportunity to buy it for long-term investment. You may have heard a lot of bad news for MCD recently, which has pushed down its prices dearly. But all of it is just short-life noise and will soon be forgot. Technically speaking, MCD is way oversold: a large divergence from its 50 day MA (moving average); dropping below its lower Bollinger Band; and RSI at 20. At the current price around $95, it is sitting right on its strong support line. I bet MCD is unlikely declining too much further from here but there is a good chance that it may have some strong rebounding. Regardless if you want to invest for long term or trade for speculation, it is a good spot to be in for MCD!


 

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