Volume Spike Investor

McDonald’s Corp. (NYSE: MCD) is trading up this morning after reporting that same-store sales rose 4.3%, higher than estimates.  But what is more impoirtant than just the news is the volume and chart alert that will be coming into play today. McDonald’s closed at $55.20 friday and shares are up 1.6% at $56.10 as of 8;56 AM EST.  The chart alert is because the 200-day averge is $56.09 and the 50-day moving average is $57.39.  MCD broke under the 50-day two weeks ago and broke under the 200-day a week ago.  These are key levels for longer-term technical traders and puts the stock as one to watch with those levels in mind. -JON OGG