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

By Shiri Gupta

Shares of MasterCard (NYSE:MA) traded at a new 52-week high today of $123.75. So far today approximately 361,000 shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.

MasterCard (NYSE:MA) is currently priced 1.2% above its average consensus analyst price target of $122.18. The stock should discover initial support at its 200-day moving average (MA) of $93.74 and subsequent support at its 50-day MA of $93.13.

In the past 52 weeks, shares of MasterCard have traded between a low of $74.61 and a high of $123.75 and are now at $123.61, which is 66% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.85% higher over the past week, respectively.

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.

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 12.0%. 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