McDonald’s Stock at Key Support After Expiration Swoon

Dow component McDonald’s Corporation is struggling to recover from a brutal expiration week decline that dropped the fast food giant nearly six points in two hours. A bearish research report was blamed for the rout, but triple witching’s quarterly influence offered a more logical explanation, with the swift decline forcing many short-dated calls to expire worthless.

Research firm M Science claimed on Sept. 12 that hurricane disruptions could force McDonald’s to miss third quarter expectations, sending the stock into a tailspin that reached a five-week low at $155.77. The stock has held three-month channel support and the 50-day exponential moving average (EMA) into the new trading week, raising the odds for a recovery wave that re-establishes McDonald’s strong leadership role. (See also: McDonald’s Has a Long-Term Growth Problem.)

McDonald’s shares fell after a research firm alleged that hurricane disruptions could undermine third quarter profits. …read more

Read more here: McDonald’s Stock at Key Support After Expiration Swoon

Category: MCD

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