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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.
Check out my Essential Reading List here (I may receive some compensation if you purchase anything on Amazon following my links)

TK

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my About page for a full disclaimer.

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