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Bearish Moving Average Cross by Moody's (MCO)

By Nick Russo

Today, shares of Moody's (NYSE:MCO) have fallen below their 10-day MA of $118.43 on a volume of 313K 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.

Moody's share prices have moved between a 52-week high of $119.99 and a 52-week low of $77.76 and are now trading 51% above that low price at $117.26 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Moody's on January 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.67. Since that recommendation, shares of Moody's have risen 19.8%. We continue to monitor MCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses moody's

Ticker(s): MCO