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Web based stock technical analysis tools since 1999. Specializing in breakout and momentum stock ideas. Articles are opinions only and NOT investment advice.
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  • MCO New Highs Breakout 0 comments
    Oct 18, 2013 12:38 PM | about stocks: MCO

    $MCO (Moody s Corporation) confirmed breakout above 72.46 to new highs after a month of price consolidation.

    BREAKOUT CONFIRMED breakout above 72.46, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 77.14, 5.9% Stop: 71.26, Loss: 2.1%, Profit/Loss ratio: 2.8 : 1 - Good

    CURRENT PRICE 72.82, just above resistance, 71.5 ± 0.93, type double, strength 4

    RESISTANCE ABOVE None.

    SUPPORT BELOW -1.8% at 71.5 ± 0.93, type double, strength 4
    -3.9% at 70.01 ± 0.91, type double, strength 6
    -7.2% at 67.56 ± 0.88, type double, strength 6

    (click to enlarge)Stock Chart from StockConsultant.com

    source: MCO at StockConsultant

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