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SmarTrend Watching for Potential Pullback in Shares of Moody'S Corp After 1.10% Gain

By David Diaz

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.

In the past 52 weeks, shares of Moody'S Corp have traded between a low of $134.42 and a high of $187.97 and are now at $181.28, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

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