• Return to Headlines

MasterCard: 52-Week High Recently Eclipsed (MA)

By James Quinn

Shares of MasterCard (NYSE:MA) traded at a new 52-week high today of $119.71. This new high was reached on below average trading volume as 2 million shares traded hands, while the average 30-day volume is approximately 3.8 million shares.

In the past 52 weeks, shares of MasterCard have traded between a low of $74.61 and a high of $119.71 and are now at $119.15, which is 60% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

Potential upside of 2.5% exists for MasterCard, based on a current level of $119.15 and analysts' average consensus price target of $122.18. 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.

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.

SmarTrend recommended that subscribers consider buying shares of MasterCard on February 23rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.18. Since that recommendation, shares of MasterCard have risen 5.6%. 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

Ticker(s): MA