The Hourly View for MCO
At the moment, MCO (Get Ratings)’s price is down $-0.31 (-0.1%) from the hour prior. MCO has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
MCO’s Technical Outlook on the Daily Chart
Currently, MCO’s price is up $0.18 (0.06%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as MCO has now gone up 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows MCO’s price action over the past 90 days.
For MCO News Traders
Investors and traders in MCO may be particularly interested in the following story that came out in the past day:
The Oracle of Omaha’s longest-tenured holding now has a yield of 52%, relative to Berkshire Hathaway’s cost basis.
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