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Moody's Crosses Below its 10-day MA (MCO)

By Amy Schwartz

Today, shares of Moody's (NYSE:MCO) have crossed bearishly below their 10-day moving average of $104.30 on a volume of 219K 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, shares of Moody's have traded between a low of $77.76 and a high of $113.87 and are now at $103.02, which is 32% above that low price. The 200-day and 50-day moving averages have moved 0.37% lower and 0.64% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Moody's on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.26. Since that recommendation, shares of Moody's have risen 5.3%. 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