Over the last 12 months, McDonald's has rallied 70% hitting an all-time of $52.88. In recent news, a New York citywide ban of trans fat cooking oil which in went into effect Sunday will demand to trail alternative cooking oils. Price action is currently trading sideways with declining RSI and MACD; -implying a bearish negative divergence. Price target towards uptrend support of rally. Stop-loss: close above 52-week high.
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