Long McDonalds (MCD) @ 55.01

• Long McDonalds Corp @ $55.01 after noticing today’s strength @ the $54.98 level.  Based on the RSI & MACD it looks like its ready for its move up.  None the less short term stop loss placed @ the $54.90 level.  Target price, none, I want to keep this for the long run especially with the dollar trending downwards in the long run, their profits will inflate even more due to their high international exposure. 

Finally I found a stock that’s oversold (MCD)

This stock barely participated in the rally for the past two weeks.  Stochastics are indicating oversold levels and MACD is also at negative territory.  I will look at how the price reacts at the $54.13 level and well hopefully it holds so I can finally go long.  All the other high betas stocks have flown away… It’s time to purchase high quality stocks at good discounts.