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4mm4
Dec 10, 2012 8:41 PM

MCD Long

McDonald's CorporationNYSE

Description

Longer term looks like a move up. we look a bit extended right now so i am waiting for a small pullback before a move higher. A possible upside-down head and shoulders is forming (red boxes). If so, the measured move would easily reach the upper end of the target. Keep stochastics and RSI in mind. Will probably use options on this one. Good luck!
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