By practically any measure, McDonald’s (MCD) seems like a lost cause. Upon opening up its Price Overview screen, you’re greeted with the fact that MCD stock ranks as a 100% Strong Sell by the Barchart Technical Opinion indicator. What’s worse is that there doesn’t seem to be a good rationale for going against the grain.
Recently, McDonald’s stock represented one of the 200 securities listed on Barchart’s screener for the worst large-capitalization losers over a one-month period. During the timeframe in question, MCD suffered a drawdown of roughly 13%. That’s incredibly rare for such a stalwart in the fast-food industry.
