Stock Of The Day: Will McDonald's Finally Reverse Bearish Trend?
McDonald's(MCD) Benzinga·2024-07-29 19:21
When stocks are going down, buyer's remorse rules the market. Traders and investors purchase shares only to lose money when the price heads lower. Not surprisingly, they regret their decision to buy.When a stock finally reaches a bottom, buyer's remorse gradually fades until there is no more. This important market dynamic may be about to appear on the chart of McDonald’s Corporation MCD, which reported earnings Monday morning. That is why McDonald’s is our Stock of the Day.When prices move lower, some of th ...