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

By David Diaz

Moody's (NYSE:MCO) crossed under its 10-day moving average of $107.31 on a volume of 997K 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 share prices have been bracketed by a low of $77.76 and a high of $113.87 and are now at $103.46, 33% above that low price. 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 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 8.9%. 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