Moody’s Corp (NYSE:MCO) Set to Bounce Off 200 Day M.A.?

Moody’s Corp (MCO) shares decline has stopped cold right at their 200 day moving average. Open interest data activity and technical analysis suggest that MCO is about to begin a major uptrend.

Trading at $24.39 MCO could go as high as $30 in today’s market environment.This stock has less volatility than Nasdaq similarly priced stocks. It’s more suitable for longer term Options positions and not for short lived volatility gain strategies.