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McDonald's could hit a new high this week: Trader

McDonald's Golden Arches are shining.

Shares of the fast-food giant are sitting just under all-time highs as the stock has soared nearly 20 from its Aug. 24 low. And according to one trader, McDonald's could continue to surge after reporting earnings later this week.

"Sentiment has shifted for McDonald's," Andrew Keene said Monday on CNBC's "Trading Nation." The stock, which has trailed the broader market over the past three years, was added to Credit Suisse's "U.S. Focus List" Monday morning and named one of the firm's "top investment ideas." The company's rollout of all-day breakfast has garnered it new attention.

But it's a combination of strong technicals and the implied options move...


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