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Trend Chart:Agilent Tech (A)

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[MCO] Moody's Corporation R ($49.980): MCO is a member of the Unfavored Finance sector. In particular MCO is a ratings agency for fixed income, and has been put under the microscope recently regarding this whole credit crunch. The technical picture spells out an ugly scenario for MCO, and in fact the chart looks like a short here. MCO had previously topped out in the low to mid 70's then things started to unravel, especially from June on. Since June we have seen the technical attributes downtick to a 2 for 5, and specifically we have seen MCO give an RS sell signal and violate its long term bullish support line. Most recently, the stock gave a quadruple bottom sell signal at 52, breaking key near term support that had formed at 53. As well, the stock has shown resistance in the mid to high 50's, at 56 then 59. The downside bearish price objective is 31, so this recent rally back up to the previous breakdown level provides a chance to short this stock for those so inclined. We would rate this as an aggressive short, for those trading oriented and looking to play a potential further collapse in the financial-related stocks. We would initially use a buy stop point of 57, then will look to lower it as the chart permits. Ok to short here (50-53 range). If wanting to give the trade a little extra room to the upside, then use 60 as the buy stop point.

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