Blue-chip, established, household-name stocks rarely go on sale, which is precisely why McDonald's (NYSE: MCD) is worth a closer look right now.
After a punishing slide that has dragged the stock to its lowest levels since 2022, shares have fallen into deeply oversold territory, with a relative strength index (RSI) reading of around 25, well below the 30 threshold that technicians use to flag a stock as stretched to the downside.
