Mc Donalds likely to get fried despite positive earnings expectations
Apr, 22nd 11:42
McDonald’s Corporation (MCD) Q1 2016 profit is expected to rise, particularly from the sales boost in the past two quarters, following the launch of its all-day breakfast menu. But for investors, this may be the right time to sell since MCD has become too expensive, or overvalued. We can see from chart D1, McDonald’s shares closed down 2.1 percent on Thursday, currently settling at 125.83. ADX is at 22.44, with DI+ crossing DI-, suggesting that a bearish trend might be forming.
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