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McDonald's Reports Earnings As The Stock Rises Above The Golden Arches

McDonald's (MCD) set another all-time intraday high of $167.90 on Friday as the stock nears overbought territory. Reduce holdings on strength to $167.55, my quarterly risky level.

Investment Strategy: Buy weakness to my semiannual and annual pivots of $142.19 and $133.38, respectively. The stock crossed above the annual level during the week of April 28, and began the second half of 2017 above $142.19. Reduce holdings on strength to my quarterly and monthly risky levels of $167.55 and $172.92, respectively.

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