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After Yesterday's Rally of 1.80% Shares Could Potentially Pullback

By David Diaz

Mastercard Inc-A (NYSE:MA) traded in a range yesterday that spanned from a low of $276.11 to a high of $280.00. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $274.71 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Mastercard Inc-A share prices have been bracketed by a low of $171.89 and a high of $293.69 and are now at $278.75, 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.7%.

SmarTrend is tracking the current trend status for Mastercard Inc-A and will alert subscribers who have MA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders mastercard inc-a

Ticker(s): MA