• Return to Headlines

Bullish Moving Average Cross by Mastercard Inc-A (MA)

By David Diaz

Mastercard Inc-A (NYSE:MA) crossed over its 10-day moving average of $275.75 on a volume of 491K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Mastercard Inc-A have traded between a low of $171.89 and a high of $280.63 and are now at $276.33, which is 61% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Mastercard Inc-A on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $191.37. Since that recommendation, shares of Mastercard Inc-A have risen 43.9%. We continue to monitor MA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mastercard inc-a

Ticker(s): MA