Learn to Evaluate (MCO) using the Charts

February 27, 2024, 16:04 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MCO

• Buy MCO slightly over 358.78 target 383.84 stop loss @ 357.74 Details

The technical summary data tells us to buy MCO near 358.78 with an upside target of 383.84. This data also tells us to set a stop loss @ 357.74 to protect against excessive loss in case the stock begins to move against the trade. 358.78 is the first level of support below 377.67 , and by rule, any test of support is a buy signal. In this case, support 358.78 would be being tested, so a buy signal would exist.

• Short MCO slightly under 383.84, target 358.78, stop loss @ 384.95 Details

The technical summary data is suggesting a short of MCO as it gets near 383.84 with a downside target of 358.78. We should have a stop loss in place at 384.95though. 383.84 is the first level of resistance above 377.67, and by rule, any test of resistance is a short signal. In this case, if resistance 383.84 is being tested, so a short signal would exist.

Swing Trading Plans for MCO

• Buy MCO slightly over 383.84, target 384.89, Stop Loss @ 382.73 Details

If 383.84 begins to break higher, the technical summary data tells us to buy MCO just slightly over 383.84, with an upside target of 384.89. The data also tells us to set a stop loss @ 382.73 in case the stock turns against the trade. 383.84 is the first level of resistance above 377.67, and by rule, any break above resistance is a buy signal. In this case, 383.84, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MCO slightly near 383.84, target 361.26, Stop Loss @ 384.95. Details

The technical summary data is suggesting a short of MCO if it tests 383.84 with a downside target of 361.26. We should have a stop loss in place at 384.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 383.84, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MCO

• Buy MCO slightly over 383.86, target 384.89, Stop Loss @ 382.96 Details

If 383.86 begins to break higher, the technical summary data tells us to buy MCO just slightly over 383.86, with an upside target of 384.89. The data also tells us to set a stop loss @ 382.96 in case the stock turns against the trade. 383.86 is the first level of resistance above 377.67, and by rule, any break above resistance is a buy signal. In this case, 383.86, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MCO slightly near 383.86, target 361.26, Stop Loss @ 384.76. Details

The technical summary data is suggesting a short of MCO if it tests 383.86 with a downside target of 361.26. We should have a stop loss in place at 384.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 383.86, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Moody's Corporation (MCO) available here: MCO.

MCO Ratings for February 27:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	358.78
P2	383.86	361.26	383.84
P3	389.97	384.89	407.42

AI Generated Signals for MCO

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Moody's Corporation (NYSE: MCO) report below can help you understand how to do this. The trading plans for MCO, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.