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Wald’s Read on McDonald’s Turns Cautious After 20% Gain

The call pointed to recent technical signals in the stock.

Updated 1 min read
Customers pass a restaurant on State Street in downtown Chicago after light rain at dusk. / EconoTimes.ai
Customers pass a restaurant on State Street in downtown Chicago after light rain at dusk. / EconoTimes.ai

Oppenheimer technical analyst Ari Wald flagged tactical weakness in McDonald’s shares after a 20% advance, with the call pointing to recent technical signals in the stock.

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