$MCD, BEARISH TREND

Takeaway: McDonald's remains on the Hedgeye Best Ideas list as a short.

McDonald's released its Q3 earnings this morning. Revenue missed. Management blamed a challenging global environment. Hedgeye Restaurant Sector Head Howard Penney? He's not buying it -- literally or figuratively.

Bearish TREND = 97.22, broken. 

$MCD, BEARISH TREND - MCD

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