Moody’s (MCO) – Bearish DailyPlay for Tuesday, Nov 27th, 2018

The bearish DailyPlay we chose for Tuesday, Nov 27th is Moody’s (MCO). MCO is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 3.51% move higher but its 1m and 6m trend have turned bearish on 11/20 and recently bounced lower off its $27 resistance level.

Moody’s 1m and 6m trends turned bearish on 11/12 and recently bounced lower off its $155 support level. With a technical score of 5 (out of 10), MCO is a neutral stock that is starting to turn lower.

View this Trade Idea on MCO

As a stop loss, if MCO was to trade above $155 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: Sell Cash Secured Puts – Add yield while acquiring stock – Thurs 11/29 @ 4:15PM EST