MSCI Inc (NYSE: MSCI)

MSCI Inc., together with its subsidiaries, provides a suite of performance, risk management, and corporate governance products and services worldwide. The company operates in two segments, Performance and Risk, and Governance. The Performance and Risk segment offers investment decision support tools, including equity indices, real estate indices and benchmarks, portfolio risk and performance analytics, and credit analytics, as well as environmental, social, and governance products. The Governance segment provides corporate governance products and services to institutional investors and corporations. It offers global equity security coverage and fully integrated products and services, including proxy voting; policy creation, application, and management; research; vote recommendations; vote execution; post-vote disclosure and reporting; and data and analytical tools.

To review MSCI’s stock, please take a look at the 1-year chart of MSCI (MSCI, Inc.) below with my added notations:

1-year chart of MSCI (MSCI, Inc.)

Over the last 3-4 months MSCI had created a strong level of resistance at $45 (blue), which also constituted a 52-week high resistance. A breakthrough that level would most likely mean higher prices for the stock. As you can see from the chart, MSCI finally broke higher earlier this week and should be hitting new highs moving forward.

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The Tale of the Tape: MSCI broke out to a new 52-week high. A long trade could be made near $45 with a stop placed below that level. A break back below $45 would negate the forecast for a continued move higher.

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Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.

No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!

Good luck!

Christian Tharp, CMT

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