Thursday, January 12, 2017

Signals for 01-12-2017 $MCO

Hey everyone,

So, If you may recall, I posted a Sell signal on $MCO on the last trading day of 2016.

So since then the stock actually bounced pretty hard, and then in the last two trading sessions had dropped back to around $95, so basically it made a round trip to last night's closing price.

My algorithm has posted a Buy signal for $MCO (last price: $95.02).
Technically it seems that the stock is very close to finishing a wedge pattern.
With a stop-loss under $92.50 and a high price target (over the wedge) this presents a nice 3.62 risk:reward ratio.
So again, it's a Buy!

To see general results of the algorithm click here.
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