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Bearish Moving Average Cross by MasterCard (MA)

By David Diaz

Today, shares of MasterCard (NYSE:MA) have fallen below their 10-day MA of $112.09 on a volume of 425K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, MasterCard share prices have been bracketed by a low of $74.61 and a high of $113.50 and are now at $111.99, 50% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for MasterCard and will alert subscribers who have MA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses MasterCard

Ticker(s): MA