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Berger: Why I am shorting McDonald's

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.


01:35 minutes
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