McDonald's Trades Near 52-Week High: Can the Stock Keep Sizzling?

Shares of McDonald's Corporation (MCD) ended yesterday’s session at $314.48, just 3.6% shy of its 52-week high, a testament to the market’s bullish sentiment. Over the past six months, MCD has climbed 8% against the industry’s decline of 1.6%.Adding to the positive technical picture, McDonald’s stock trades above its 50-day simple moving average (SMA) of$ 310.53, a key indicator of sustained upward momentum. This outperformance highlights growing investor confidence in the Golden Arches’ resilient business ...