McDonald’s Corp.’s (LMT) share price has advanced above a key level of resistance that had been under pressure since early October. Shares of MCD created a short-term bottom on Oct 10, and have since continued to consolidate into a wedge formation, logging higher lows and pressuring the $57 level. As the market strengthened over the last 2 weeks, MCD was on board for the ride. Take a look at the chart below.

Colgate Palmolive Company (CL) is also pressuring a key level, but has yet to advance into higher territory. This stock has been locked into a very tight trading range since dropping lower in early October. Since then, shares have oscillated between $59 and $65. Estimates have ticked marginally higher within the last month, with the current-year estimate advancing by 3 cents to $3.63 per share. Take a look at the chart.

“MCD” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research

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