MasterCard Bearish Moving Average Crossover Alert (MA)
Today, shares of MasterCard (NYSE:MA) have fallen below their 10-day MA of $96.29 on a volume of 373K shares. This may provide swing traders with an opportunity 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 $101.76 and are now at $96.18, 29% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.85% higher over the past week, respectively.
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 3.9%. We continue to monitor MA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses MasterCard