Money Maker- McDonald's Corp. (MCD)
McDonald's Corp. (MCD)
McDonald's Corporation, together with its subsidiaries, franchises and operates McDonaldÂ’s restaurants in the food service industry worldwide. Its restaurants offer various food items, soft drinks, and coffee and other beverages. As of December 31, 2008, the company operated 31,967 restaurants in 118 countries, of which 25,465 were operated by franchisees; and 6,502 were operated by the company. McDonald's Corporation was founded in 1948 and is based in Oak Brook, Illinois.
Watch this double top with McDonald's. It could easily turn into a triple top and then we will have the opportunity to make money with options on the way down. This is one possibility. The second is an ascending triangle and the company may continue upward. Either way, be ready to make a move which ever way this moves.
McDonald's Corporation, together with its subsidiaries, franchises and operates McDonaldÂ’s restaurants in the food service industry worldwide. Its restaurants offer various food items, soft drinks, and coffee and other beverages. As of December 31, 2008, the company operated 31,967 restaurants in 118 countries, of which 25,465 were operated by franchisees; and 6,502 were operated by the company. McDonald's Corporation was founded in 1948 and is based in Oak Brook, Illinois.
Watch this double top with McDonald's. It could easily turn into a triple top and then we will have the opportunity to make money with options on the way down. This is one possibility. The second is an ascending triangle and the company may continue upward. Either way, be ready to make a move which ever way this moves.
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