McDonald's (MCD) Traders See Challenge in Getting Over Key Level

January 7, 2013 2:25 PM EST Send to a Friend
McDonald's Corp. (NYSE: MCD) shares are higher on the session though shares have hit a ceiling once again Monday afternoon.

Market data has about $18.2 million of money flow with a downtick in shares, suggesting that upside might be at its peak for now. The uptick-to-downtick ratio is at about 0.7 times.

Shares popped higher following passage of fiscal cliff reform last Tuesday. However, McDonald's stock has hit the $90.75 level a few times over the last month, unable to get above even with volume.

The 14-day Money Flow Index showed McDonald's being slightly oversold in late October/early November. Since then, shares have moved about $5 higher to the current levels. The MFI is at 38, neither overbought nor oversold.

McDonald's is up 0.9 percent Monday.




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