Trading opportunity in Moody's Corporation and MGM Resource International

Short-term pullbacks provide opportunities to enter trades in the longer-term trend direction. Below mentioned is the stock recently experienced pullback against longer-term up trends, presenting buying opportunities.

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After trading as high at $102.24 in November, Moody's Corp. (MCO) has pulled back and isconsolidating near the December support region of $92. Based on the long-term uptrend this could be a good point to buy shares for the next wave higher. If there's upward price momentum early in the week, buy between $93 and $93.15, with a stop loss just below $92. The price initial price target on the trade is between $100.50 and $101.

Selling or shorting opportunities may be close at hand in below MGM Resorts International stock, currently in longer-term downtrends.

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MGM Resorts International (MGM) reached trendline resistance in late December, then fell sharply off that level. Since Jan. 7 the price has been consolidating, offering a potentialshorting opportunity in the overall downtrend as highlighted part in light blue with green line shows the downtrend. A favorable entry for the short position is at $20.50, near the top of the current consolidation. A stop loss can be placed above $21, with a target at $18.02. This target price is well above the recent low at $18.01, but strong reversal bars off the low (Dec. 17) signal there still could be buying pressure in this region. If the price continues to fall below $17.20 the next target is $16.61.

Disclosure: I have no relation with the above mentioned companies and I don't get any compensation from company for writting the above analysis and I have no plans to invest in the next 72 hours.