McDonalds (MCD) Message Board

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Non-Tech : McDonalds (MCD)

MCD 316.16

+0.1%

3:57 PM EST

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To: ChinuSFO who wrote ()	8/28/1997 2:12:00 PM
From: Quaddad	of 288

In this kind of market it's tough to guess which way any stock will go. If you look at the technical, MCD is a no brainer as a buy. The 20 day stochastics osc. is at 6 or so, it's way over sold, and at $47 1/4 we are slightly below the 200 dma. We are at major support levels now and not much for support beyond that. MCD isn't over priced like some of the other stocks out there. It's only up 10% off it's 52 week low. So I suppose now would be as good a time as any to buy. It may drop a little more due to the market conditions, but MCD won't be going out of business anytime soon. Just my opinion.

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