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After Yesterday's Rally of 1.10% Shares Could Potentially Pullback

By Shiri Gupta

Moody'S Corp (NYSE:MCO) traded in a range yesterday that spanned from a low of $177.51 to a high of $181.52. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $179.80 on volume of 137,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Moody'S Corp share prices have moved between a 52-week high of $187.97 and a 52-week low of $134.42 and are now trading 35% above that low price at $181.28 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

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

Keywords: rebounders moody's corp

Ticker(s): MCO