MasterCard: 52-Week High Recently Eclipsed (MA)
Shares of MasterCard (NYSE:MA) traded today at $108.93, breaking its 52-week high. So far today approximately 995,000 shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.
MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks.
MasterCard share prices have moved between a 52-week high of $108.93 and a 52-week low of $74.61 and are now trading 44% above that low price at $107.69 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.
There is potential upside of 3.7% for shares of MasterCard based on a current price of $107.69 and an average consensus analyst price target of $111.63. MasterCard shares have support at the 200-day moving average (MA) of $93.74 and additional support at the 50-day MA of $93.13.
SmarTrend recommended that subscribers consider buying shares of MasterCard on July 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.79. Since that recommendation, shares of MasterCard have risen 15.2%. We continue to monitor MA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows MasterCard