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Bearish Moving Average Cross by Moody'S Corp (MCO)

By Nick Russo

Today, shares of Moody'S Corp (NYSE:MCO) have crossed bearishly below their 10-day moving average of $171.72 on a volume of 129K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Moody'S Corp share prices have been bracketed by a low of $126.28 and a high of $187.97 and are now at $170.14, 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.3%.

SmarTrend is monitoring the recent change of momentum in Moody'S Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Moody'S Corp in search of a potential trend change.

Keywords: moving crosses moody's corp

Ticker(s): MCO