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Archive
- 8/20/2010
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Moody's Corp |
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| Summary:
| | Weekly :   | | Daily :
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| | It was the third consecutive negative week for the Moody's Corp (MCO). During the week, the MCO gave back -0.19 points, or -0.87%, and closed at 21.71 on Friday, August 20, 2010. Weekly volume was -64% below average.
MCO is a member of Services Sector. Services is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See MCO long-term trend chart]
A long-term uptrend had started on November 20, 2008 at 15.41 and reached 31.79 on May 5, 2009. MCO gained -16.38 points, or -106.29%, in 23 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See MCO medium-term trend chart]
A medium-term uptrend had started on June 8, 2010 at 18.50 and reached 24.17 on July 29, 2010. MCO gained -5.67 points, or -30.65%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (23.25) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MCO may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See MCO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since July 23, 2010. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See MCO short-term trend chart]
A short-term downtrend had started on August 4, 2010 at 24.12 and reached 21.47 on August 20, 2010. MCO lost 2.65 points, or 10.99%, in 16 days. The price is now at the 9.06% retracement level.
 Daily Technical Indicators: [See MCO daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since August 9, 2010. This is an indication that the short-term trend is down.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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