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Mastercard Inc-A Rises 2.00% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Mastercard Inc-A (NYSE:MA) traded in a range yesterday that spanned from a low of $214.37 to a high of $218.69. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $214.46 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.

Over the past year, Mastercard Inc-A has traded in a range of $137.75 to $218.53 and is now at $218.47, 59% above that low. The 200-day and 50-day moving averages have moved 0.50% higher and 0.47% higher over the past week, respectively.

Keywords: rebounders mastercard inc-a

Ticker(s): MA