Saturday, December 31, 2016

Last signal for 2016 $MCO

Happy New Year everyone!

Hope this year has been great to you, with positive returns and small losses.

I truly hope that bringing this blog online will push your portfolio forward into the future and get you some extra cushion in savings.

For the last trading day of the year the algorithm posted a Sell signal for $MCO (Moody's Corp.), which closed on Friday at $94.27.

The stock has been on a negative trend for about two months, and is really close now to support levels from the start of the year - around $92.50.

I would still wait to see a breach of the level before entering a Short position or even selling here. Although as mentioned here, the Sell signal simply means a positive return is not to be expected anytime soon, so I wouldn't cross my fingers for a recovery to the upside.

Good luck and have a great start to the new year!

To see general results of the algorithm click here.
Check out my Essential Reading List here (I may receive some compensation if you purchase anything on Amazon following my links)


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