In early trading, MCD has hit 100 for the first time since July. What does it all mean and what to do now? I think largely this is a value rally from the stock being over-sold. However, I don't think there is much more room to the upside on this one, so two notes.
Short term this stock is a HOLD and Long term this is a Buy.
However, if you jumped into the stock near the bottom of the recent run at 88, this is a good time to take some quick profits and run for the hills.
Short term this stock is a HOLD and Long term this is a Buy.
However, if you jumped into the stock near the bottom of the recent run at 88, this is a good time to take some quick profits and run for the hills.