Moody's Corporation : The share is well oriented
November 26, 2012 at 11:10 pm IST
By
Entry price | Target | Stop-loss | Potential |
---|
US$47.32 |
US$54 |
US$45.9 |
+14.12% |
---|
Moody's Corporation could breakout the USD 48.9 resistance in the short term.
Regarding the fundamentals, we note the increase of sales recorded over the previous year.
Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the mid-term resistance located at USD 48.9 and seems able to breakout soon. This crossing would provide a strong buy signal.
Therefore, investors could take a long position in Moody's Corporation, on crossing of the USD 48.9 mid-term resistance. A stop loss should be placed at USD 46.4.
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