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This is like a Case Study for the All Time High Trading Strategy on Symbol Surfing.

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19% Return Using Symbol Surfing "ATH" Strategy on MCD (Requires 1 Minute/Day)

19% Return Using Symbol Surfing "ATH" Strategy on MCD (Requires 1 Minute/Day) "Video Explainer Transcript"

This is like a Case Study for the All Time High Trading Strategy on Symbol Surfing.

McDonald's has a strong profile. A member of 3 indexes including the Dividend Aristocrats. Plus the $150 Billion Market Cap. Strong Financial Stability. Annual Dividend over 2% with a strong dividend payment history. Positive Earnings Per Share and a low P/E Ratio. Back in January of 2019, MCD set another new all-time high. What came next was a sell-off which is to be expected. Investors want to lock in their profits. After the earnings date, the stock dropped below the 50 DMA which is bearish. The price reversed after hitting a long term support trendline. See 5-year chart. The price moved above the 50 DMA. This is a good entry point for a trade on a symbol like this. The stock moved higher, then lower to test the 50 DMA. It did not break through so the trade is still on. After checking the 50 DMA one time, the stock began to run-up to the previous all-time high set a few weeks ago. Sure enough, MCD hits a new high. Super Bullish. Meanwhile, the price is clearly above and near the 50 DMA, which is what we want. Ride this wave as long as this trend stays intact. 2 earnings dates come and go and the stock keeps moving higher and higher. New All-Time Highs create a large amount of excitement. The stock price is setting new records! Eventually, the stock hit a top around the long term resistance trendline. See 5-year chart. The price moved lower then tested the resistance again. Eventually, the price moved below the 50 DMA. This is the exit point. The 50 DMA is our guide on trades like this. A 19% return. Check the symbol 1 time per day to see if the price is above the 50 DMA. There are many examples of symbols like this on Symbols Surfing. Use the Calendar on the All-Time Highs channel and look for this chart pattern. You will need a Premium subscription to scan many symbols quickly. Make sure the company has a strong profile, dividend and earnings. Plus subscribers have access to all of these transcripts for timely ideas, setups, strategies and more. Also, check out this other example with BMY.

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