MCD Going into ER

2018年7月13日

MCD is down ~10% from it's highs, forming a cup & handle going back to 06/27. Today's news regarding food borne illness in the salads around the midwest has pushed the SP down to $159.12 in to day's after hours market. I believe the price will start to recover next week headed into earnings due to higher margins resulting from the ongoing automation of their restaurants. The price range from the bottom of the cup to the top is about $5 which would bring us to the $165 target pre-earnings. More upside possible depending on ER.