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MasterCard Crosses Above its 10-day MA (MA)

By James Quinn

MasterCard (NYSE:MA) crossed over its 10-day moving average of $111.76 on a volume of 420K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, MasterCard has traded in a range of $74.61 to $113.50 and is now at $111.89, 50% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for MasterCard and will alert subscribers who have MA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses MasterCard

Ticker(s): MA