McDonald's has been one of the worst-performing Dow stocks over the past year, down roughly 4 percent, and according to Cowen & Co.'s head of sales trading, David Seaburg, things are unlikely to change in the near term.
"I don't see McDonald's stock trading outside of its current range anytime soon," Seaburg said on Monday's "Trading Nation." The fast food giant has traded in a $10 range for the better part of the past year, hitting $87 a share on the low end and $99 a share on the high end.
"Right now it's dead money," he said. "The stock can't go meaningfully higher until sales pick up and management gets creative through some financial engineering to really unlock some shareholder value."