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

By Amy Schwartz

Today, shares of Moody'S Corp (:MCO) have crossed bearishly below their 10-day moving average of $211.23 on a volume of 115K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Moody'S Corp share prices have moved between a 52-week high of $220.68 and a 52-week low of $129.26 and are now trading 62% above that low price at $209.48 per share. The 200-day and 50-day moving averages have moved 0.47% higher and 0.90% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Moody'S Corp on June 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $192.47. Since that recommendation, shares of Moody'S Corp have risen 10.9%. We continue to monitor MCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses :mco moody's corp

Ticker(s): MCO