Overbought Readings Warn of MCO Pullback at $520.04
BearishMoody's Corp (MCO) closed up 0.54% at $520.04 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($507.23) with a bullish stack. The 21-day EMA at $498.11 provides support.
Momentum
RSI at 79.2 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (8.11 vs signal 4.93).
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.