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

By James Quinn

Shares of Moody's (NYSE:MCO) traded at a new 52-week high today of $122.89. So far today approximately 125,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

Moody's (NYSE:MCO) is currently priced 4.3% above its average consensus analyst price target of $116.60. The stock should find initial support at its 200-day moving average (MA) of $97.88 and further support at its 50-day MA of $95.28.

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 $122.89 and a 52-week low of $77.76 and are now trading 57% above that low price at $121.79 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Moody's and will alert subscribers who have MCO in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows moody's

Ticker(s): MCO