TECHNICAL ANALYSIS | January 17, 2019
With the partial government shut down now breaking records as the longest in U.S. history, some 800,000 furloughed workers are facing varying levels of financial insecurity. According to a 2017 report by CareerBuilder, the employment website, 78% of American workers are living paycheck to paycheck. This means that for workers already undergoing financial stress, missing credit card payments may be unavoidable. The impact on credit scores of missed payments varies depending on whether it is part of a pattern or a one off. While one 30-day late payment should not cause lasting damage, a late 60-day payment will likely do more damage. Today, we turn our spotlight to one of the companies that is constantly shining its own spotlight on us. As one of the three main credit reporting companies in the U.S., this article will take a quick technical look at the price behavior of Transunion (TRU).
by Stella Osoba, CMT
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