MasterCard Bearish Moving Average Crossover Alert (MA)
Today, shares of MasterCard (NYSE:MA) have crossed bearishly below their 10-day moving average of $99.08 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of MasterCard have traded between a low of $74.61 and a high of $101.76 and are now at $98.71, which is 32% 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 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 7.2%. We continue to monitor MA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses MasterCard