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Moody'S Corp Set to Possibly Pullback After Yesterday's Rally of 1.52%

By Shiri Gupta

Moody'S Corp (:MCO) traded in a range yesterday that spanned from a low of $248.85 to a high of $253.81. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $252.10 on volume of 142,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Moody'S Corp on October 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $215.02. Since that recommendation, shares of Moody'S Corp have risen 16.0%. We continue to monitor MCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Moody'S Corp share prices have been bracketed by a low of $147.52 and a high of $252.11 and are now at $249.43, 69% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

Keywords: rebounders :mco moody's corp

Ticker(s): MCO