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Mastercard Inc-A Set to Possibly Rebound After Yesterday's Selloff of 2.63%

By David Diaz

Mastercard Inc-A (NYSE:MA) traded in a range yesterday that spanned from a low of $266.79 to a high of $271.48. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $268.70 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Mastercard Inc-A have traded between a low of $171.89 and a high of $283.33 and are now at $266.79, which is 55% 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 0.5%.

SmarTrend is monitoring the recent change of momentum in Mastercard Inc-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mastercard Inc-A in search of a potential trend change.

Keywords: rebounders mastercard inc-a

Ticker(s): MA