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McDonald's at fresh highs again: 3 times in the last 10 sessions

Published: October 17th, 2020 - 8.32am EDT

Yesterday's all-time highs arrive after reaching other 2 highs lately. Yesterday McDonald's Corporation ($MCD) did it again and shares closed at $229.37 barely moving a -0.12%; new all-time highs are set at $231.91.

On Wednesday, Morgan Stanley posted a buy rating. The recommendations issued by financial analysts are not a buy or sell advice for individual investors, so it is not desirable to follow them blindly.

Since last March, McDonald's has been printing an uptrend that so far marked an amazing 86.95%. The price action shows higher highs and higher lows, and along the way provided some entry points for those who wanted to invest. Latest low was in late June, when price bounced at $177.84. In early August, McDonald's broke out above its last top ($201.55) offering a good buy point that resulted in a 13.8% gain

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu. As of December 31, 2019, the company operated 38,695 restaurants. McDonald's Corporation was founded in 1940 and is based in Chicago, Illinois.. The stock is part of the Restaurants industry in the Consumer Cyclical sector. The firm's Headquarters are in Chicago, United States, and has 205,000 employees worldwide. Find further information about the company at its corporate website at http://corporate.mcdonalds.com.

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