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MasterCard Crosses Above its 10-day MA (MA)

By Shiri Gupta

MasterCard (NYSE:MA) crossed over its 10-day moving average of $95.67 on a volume of 654K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

MasterCard share prices have moved between a 52-week high of $101.76 and a 52-week low of $74.61 and are now trading 29% above that low price at $96.40 per share. 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 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 6.9%. 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