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Shares of Moody's Rise to a New 52-Week High

By James Quinn

Moody's (NYSE:MCO) traded today at a new 52-week high of $121.76. Approximately 192,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 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 (NYSE:MCO) defies analysts with a current price ($121.71) 4.2% above its average consensus price target of $116.60. Moody's shares have support at the 200-day moving average (MA) of $97.88 and additional support at the 50-day MA of $95.28.

Over the past year, Moody's has traded in a range of $77.76 to $121.76 and is now at $121.71, 57% above that low. 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 is monitoring the recent change of momentum in Moody's. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Moody's in search of a potential trend change.

Keywords: 52 week high/lows moody's

Ticker(s): MCO