My Kids love MCDonalds, but it is just to high to go long.
Despite a earnings beat, the reaction may have been a little to positive, the fact that het income had actually dropped was somewhat papered over, as comparable-store sales growth dominated the headlines.
The stock has been on great trajectory in 2019 as the company is also rolling out Kiosk and delivery ordering.
At the current level it is just to high to look for a long as a pullback is inevitable. Any signs of weakness, the mass profits sitting in the stock right now could be a source of cash for investors taking a safe market stance.
Will get opportunity to short.
The stock has been on great trajectory in 2019 as the company is also rolling out Kiosk and delivery ordering.
At the current level it is just to high to look for a long as a pullback is inevitable. Any signs of weakness, the mass profits sitting in the stock right now could be a source of cash for investors taking a safe market stance.
Will get opportunity to short.