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Moody'S Corp Bearish Moving Average Crossover Alert (MCO)

By Shiri Gupta

Moody'S Corp (NYSE:MCO) crossed under its 10-day moving average of $133.00 on a volume of 121K 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.

Over the past year, Moody'S Corp has traded in a range of $87.30 to $135.20 and is now at $132.88, 52% above that low. Over the past week, 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 Corp on June 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $118.82. Since that recommendation, shares of Moody'S Corp have risen 12.6%. 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 corp

Ticker(s): MCO