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Moody's (MCO) Crosses Pivot Point Support at $55.11

Published on Mon, 02/04/2013 - 13:43
By Adrienne Chilton

Shares of Moody's (NYSE:MCO) opened today below their pivot of $55.35 and have already reached the first level of support at $55.11. Investors may be interested in a cross of the next downside pivot targets of $54.88 and $54.41.

Moody's (NYSE:MCO) is currently priced 6.3% above its average consensus analyst price target of $51.50. The stock should find initial support at its 50-day moving average (MA) of $51.00 and further support at its 200-day MA of $43.07.

In the past 52 weeks, shares of Moody's have traded between a low of $33.86 and a high of $55.58 and are now at $54.97, which is 62% above that low price. The 200-day and 50-day moving averages have moved 0.77% higher and 1.81% higher over the past week, respectively.

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.

By Adrienne Chilton
achilton@fnno.com