• Return to Headlines

Shares of Mastercard Inc-A Has Risen Above Previous 52-Week High

By Nick Russo

Mastercard Inc-A (NYSE:MA) traded at a new 52-week high today of $183.73. So far today approximately 313,000 shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.

Mastercard Inc-A has overhead space with shares priced $183.42, or 5.5% below the average consensus analyst price target of $194.14. The stock should find initial support at its 200-day moving average (MA) of $93.74 and further support at its 50-day MA of $93.13.

In the past 52 weeks, Mastercard Inc-A share prices have been bracketed by a low of $86.65 and a high of $183.73 and are now at $183.42, 112% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Mastercard Incorporated provides financial transaction processing services. The Company offers payment processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks. Mastercard serves customers worldwide.

SmarTrend recommended that subscribers consider buying shares of Mastercard Inc-A on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $173.03. Since that recommendation, shares of Mastercard Inc-A have risen 5.5%. 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 inc-a

Ticker(s): MA