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Thursday, August 17, 2006

Update - MCD

MCD lost its momentum before the opening bell. This is the first time in a while I have seen that happen as there is normally some sort of spike even if the stock has gone down in the pre-market. The big block trade right before the open seem to set the stage for a subdued opening as the big block sold for $35.97 after it had been trading above that for the entire pre-market.

Pre-Market Open: $36.10
Pre-Market High: $36.25
Pre-Market Close: $35.97 (on a trade of 65,000 shares)
Pre-Market Volume: Light but large block trade at last trade
After Hours Last Night Price: $36.30

Regular Hours Open: $36.00
Initial Spike Price: $36.07
Time of Spike: 9:33am
Initial Drop in Price from Regular Hours High: Down $0.15 to $35.92
Time of Initial Drop: 9:40am
High for the Day: $36.25
Closing Price: $36.24, up $0.27 from yesterday's close


MON also showed strength today, even though it did not have much of an opening bell spike either. MON also got some recommendations on FAST MONEY last night after Cramer's Mad Money. The stock closed up $0.58 at $47.22 surpassing last nights after hours price increase.

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