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Mastercard Inc-A Set to Possibly Pullback After Yesterday's Rally of 2.00%

By Shiri Gupta

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.

In the past 52 weeks, shares of Mastercard Inc-A have traded between a low of $137.75 and a high of $218.53 and are now at $218.47, which is 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.5%.

Keywords: rebounders mastercard inc-a

Ticker(s): MA