Joel Kruger suggests this interesting Equities in his section Equities of interest :
Moody’s Corp. (NYSE: MCO)
Some very impressive earnings results have helped to catapult this ticker to its highest levels in months. While I would not in any way promote being longer-term bearish on the rating agency, I would however suggest that perhaps it is now time to sell the fact. All of the good news has been priced in, and with the broader equity market coming under some pressure, we could soon see the onset of a corrective pullback. Daily technical studies are certainly convincing, with the RSI tracking in overbought territory. I would be looking for a move back towards the $44 area at a minimum over the coming days. Perhaps longs should consider booking some profit at current levels.
