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Recent 52-Week High Exceeded in Shares of MasterCard (MA)

By James Quinn

MasterCard (NYSE:MA) traded at a new 52-week high today of $123.12. Approximately 604,000 shares have changed hands today, as compared to an average 30-day volume of 3.8 million shares.

Over the past year, MasterCard has traded in a range of $74.61 to $123.12 and is now at $122.79, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks.

MasterCard (NYSE:MA) is currently priced 0.5% above its average consensus analyst price target of $122.18. MasterCard shares have support at the 200-day moving average (MA) of $93.74 and additional support at the 50-day MA of $93.13.

SmarTrend recommended that subscribers consider buying shares of MasterCard on February 23rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.18. Since that recommendation, shares of MasterCard have risen 11.5%. We continue to monitor MA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows MasterCard

Ticker(s): MA