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Wednesday, January 26, 2011

McDonald's Corp. (MCD) Stock Analysis 2011

By Tim -

McDonald's Corp. (MCD) Stock Chart - The following is technical analysis for McDonald's Corp. (MCD)- January 26, 2011

McDonald's Corp. (NYSE:MCD) Support & Resistance Levels - 1/26/11

Resistance Levels: $75.85

Support Levels: $74.53

Chart -

McDonald's Corp. (MCD) reported better than expected earnings this week and it is causing the stock to rebound. McDonald's Corp. (MCD) will have resistance on the upside located at $75.85 as well as $76.81. McDonald's Corp. (MCD) should rally to new high when the stock closed back above the 50 day moving average located at $76.81. MCD stock is a buy below $73 if we see another pullback in 2011.

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