SaxoTV

Berger: Why I am shorting McDonald's

436 views
February 22, 2016 berger, equities, equities trading, equity, equity market, equity markets, equity strategy, equity trading, mcdonald shares, mcdonalds, mcdonalds stock, saxo, saxo bank, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, sell, selling, serge berger, shares, shares prices, short, short-selling, shorting, stock, stock market, stock markets, stock trading, stocks, stop, target, trade, trade idea, trade view, trader, traders, traders tale, traders tale saxo tv, trading, trading equities, trading floor, trading idea, trading risks, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloorcom
Shares in McDonald's have throughout 2015 and 2016 benefited from a reorganisation of the company, says Serge Berger. But now it looks like the stock is poised to decline, which is why Berger is looking to go short.

According to Berger, a major head and shoulders formation is forming, which is very likely to have a very bearish outcome. His short trade has a six-month view and he is looking to sell at USD 118 with a target at USD 104 and a stop at USD 124.