Moody's Corporation (MCO) stock is at a critical technical juncture, with a classic "Head and Shoulders" topping pattern forming on its chart, signaling a potential major reversal. This bearish formation has emerged after a strong rally that peaked in late July, indicating that the upward momentum may be waning. The key support level, or "neckline," for this pattern is in the $468-$470 range. A definitive break below this price zone would confirm the reversal and could lead to a substantial decline. Technical analysts project a measured move downward to a target of around $413-$415, which would represent a drop of over 13% from the neckline.
Moody's Stock at 'Inflection Point' as Technical Pattern Warns of Major Reversal
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