Recent 52-Week High Exceeded in Shares of Moody's (MCO)
Moody's (NYSE:MCO) traded today at a new 52-week high of $54.48. So far today approximately 133,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.
Moody's Corporation is a credit rating, research, and risk analysis firm. The Company provides credit ratings and related research, data and analytical tools, quantitative credit risk measures, risk scoring software, and credit portfolio management solutions and securities pricing software and valuation models.
Moody's share prices have moved between a 52-week high of $54.48 and a 52-week low of $33.86 and are now trading 60% above that low price at $54.22 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.
Moody's (NYSE:MCO) is currently priced 5.0% above its average consensus analyst price target of $51.50. The stock should discover initial support at its 50-day moving average (MA) of $49.77 and subsequent support at its 200-day MA of $42.62.
SmarTrend recommended that subscribers consider buying shares of Moody's on July 10th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.11. Since that recommendation, shares of Moody's have risen 44.5%. We continue to monitor MCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows moody's