(GIB) A tech player hits a new 52-week high while a fast-food titan breaks out from a 3-month trading range. – Charting Zacks Elite Stocks

October 16th, 2009

CGI Group, Inc. (GIB) has been posting impressive gains on the heels of some acquisition activities in the technology sector, recently hitting a new 52-week high above $13. Shares began their current surge after bouncing from a trend line higher just above $11 in early October. For the time being, this stock is trading in a channel between $12.75 and $13.50, but if shares break lower look for support from the up trend line that is still very much in play. Take a look below.

McDonalds Corp. (MCD) recently surged above a key level of resistance just above $57 that has been containing shares for the last few months. This development comes on the heels of MCD breaking the downtrend that had been pressuring shares since early June beginning at $61. The MACD is also bullish, with the short-term moving average advancing ahead of its long-term counterpart. Take a look below.

Zacks Investment Research
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More on this topic (What's this?)
McDonald’s Corporation (MCD) Dividend Stock Analysis (Dividends Value, 11/16/09)
MCD – Almost as much value as a dollar menu (The Curious Investor, 9/15/09)
McDonald’s Delivers Strong Dividend Growth (Dividend Growth Investor, 9/28/09)
McDonald's Corp. (NYSE: MCD): Q4 Earnings Preview 2009 (Stock Wizard, 1/17/10)
Read more on CGI Group, McDonald's at Wikinvest


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