The “Chart of the Day” is McDonald’s (MCD), which showed up on Tuesday’s Barchart “Top 100 Signals” list and also on the TrendSpotter new Buy list. McDonald’s on Tuesday rallied by 2.02% and hit a new 1-month high of $89.56 that was only 1 cent below the all-time high of $89.57 posted in July. A decisive rally above that record high of $89.57 would be a particularly bullish technical signal. In recent news on the stock, Oppenheimer on Aug 17 upgraded McDonald’s to Outperform from Perform and raised the price target to $100. Goldman Sachs on Aug 9 upgraded McDonald’s to Conviction Buy from Neutral and set a price target of $96. McDonald’s, with a market cap of $90 billion, is one of the world’s largest fast-food chains.

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How we found the Chart of the Day:

We found the “Chart of the Day” by scanning the Barchart “Signals – Top 100 Stocks” list. The Top 100 Stocks ranks stocks by a combination of their overall opinion, signal strength and signal direction to come up with a list of the top 100 stocks by opinion. Each analytic used within the signals is rated by signal strength and direction. The strengths are allocated 10, 20, 30, 40 or 50 points; the directions are allocated 1, 2, 3, 4 or 5 points. This gives a maximum of 55 points per signal. The totals are added up depending on buy, sell and hold rating and ranked 1 to 100 for the top 100 bullish stocks and the top 100 bearish stocks. The signal strength and signal direction ratings are available from the advanced opinion pages. Signal strength and signal direction are independent of the signals rating.

Barchart’s Opinion trading systems are all a “Buy” and Barchart’s daily TrendSpotter trading system is a “Buy.” Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Sell
  • Overall Average 100% Buy

Chart of the Day provided by www.Barchart.com.

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