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Mastercard Inc-A Rises 2.17% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Mastercard Inc-A (NYSE:MA) traded in a range yesterday that spanned from a low of $204.75 to a high of $208.96. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $204.15 on volume of 1.7 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 $121.82 and a high of $208.96 and are now at $208.41, 71% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

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