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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.

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.

In the past 52 weeks, shares of Mastercard Inc-A have traded between a low of $171.89 and a high of $293.69 and are now at $278.75, which is 62% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 0.2%.

Keywords: rebounders mastercard inc-a

Ticker(s): MA