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MasterCard Bearish Moving Average Crossover Alert (MA)

By James Quinn

Today, shares of MasterCard (NYSE:MA) have crossed bearishly below their 10-day moving average of $97.38 on a volume of 726K 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.

Over the past year, MasterCard has traded in a range of $74.61 to $101.76 and is now at $96.37, 29% above that low. The 200-day and 50-day moving averages have moved 0.03% higher and 0.69% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of MasterCard on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.93. Since that recommendation, shares of MasterCard have risen 9.9%. We continue to monitor MA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses MasterCard

Ticker(s): MA