OptionsPlay DailyPlay

The bullish DailyPlay we chose for Thursday November 19th is McDonalds (MCD). MCD is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 2.05% move higher and it just broke above its $77.50 resistance level today.

McDonald’s 1m and 6m trends have turned bullish on 9/29 and just broke above its $111 resistance level which now becomes support. With a technical score of 9 (out of 10), MCD looks positioned to continue this strong bullish trend higher.

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