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After Yesterday's Rally of 1.22% Shares Could Potentially Pullback

By Nick Russo

Moody'S Corp (NYSE:MCO) traded in a range yesterday that spanned from a low of $161.14 to a high of $163.41. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $161.11 on volume of 141,000 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 $163.41 and a 52-week low of $87.30 and are now trading 87% above that low price at $162.92 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Moody'S Corp on January 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $152.99. Since that recommendation, shares of Moody'S Corp have risen 5.1%. We continue to monitor MCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders moody's corp

Ticker(s): MCO