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Mastercard Inc-A Bearish Moving Average Crossover Alert (MA)

By James Quinn

Today, shares of Mastercard Inc-A (NYSE:MA) have crossed bearishly below their 10-day moving average of $282.24 on a volume of 2.0 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, Mastercard Inc-A share prices have been bracketed by a low of $171.89 and a high of $294.00 and are now at $271.71, 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.8%.

SmarTrend recommended that subscribers consider buying shares of Mastercard Inc-A on August 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $274.99. Since that recommendation, shares of Mastercard Inc-A have risen 3.0%. We continue to monitor MA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mastercard inc-a

Ticker(s): MA