Nothing To Be Moody About (MCO)

by | Jan 25, 2024

In our last post, we talked about big winners coming from boring places.

And today we have more of the same.

Moody’s (MCO) provides credit ratings and research tools. 

Thrilling.

But it’s been around forever and it keeps cranking out solid growth year after year. 

In fact, MCO would be a fine long-term buy-and-hold play.

It’s also a breakout play.

Here’s the chart:

MCO has been strong for several weeks now as it’s made its way back to a new high. 

A break above $396.91 could lead to a nice move.

We’ll keep an eye on it.

 

Happy trading,

— Scott Welsh

P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.

WRITTEN BY<br>Scott Welsh

WRITTEN BY
Scott Welsh

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