Is Mcdonalds Oversold? Mcdonalds (MCD) stock is currently trading around at a price of $251.52. With respects to technicals, historically, trading below the 300 period MA has been a pretty good buying signal for this stock, and it is currently around 7% below its 300 day moving average. With respects to fundamentals, fast food is typically regarded as an inferior good, which means that as real household incomes fall, demand for fast food increases. As the economy is predicted by many to fall into recession, with the high consumer debt level, MCD could stand to profit greatly from increased sales and decreased costs.
To profit off this, I am going long shares and calls on MCD, with a small take profit around 290.