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After Yesterday's Rally of 2.13% Shares Could Potentially Pullback

By James Quinn

Mastercard Inc-A (NYSE:MA) traded in a range yesterday that spanned from a low of $174.67 to a high of $177.95. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $176.48 on volume of 2.1 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 $86.65 and a high of $183.73 and are now at $177.62, 105% 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%.

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