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Sep 03, 2020 (SmarTrend(R) News Watch via COMTEX) —
Mastercard Inc-A (NYSE:MA) has opened bearishly below the pivot of $359.53 today and has reached the first level of support at $357.45. Investors may be interested in a cross of the next downside pivot targets of $354.21 and $348.89.
Mastercard Inc-A has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $206.50. The stock should find initial resistance at its 200-day moving average (MA) of $296.96 and further resistance at its 50-day MA of $318.15.
Over the past year, Mastercard Inc-Ahas traded in a range of $0.00 to $367.25 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.
SmarTrend recommended that subscribers consider buying shares of Mastercard Inc-A on April 28th, 2020 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $267.81. Since that recommendation, shares of Mastercard Inc-A have risen 34.7%. We continue to monitor MA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to SmarTrend at [email protected]
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COMTEX_370640762/2187/2020-09-03T09:38:58
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The MarketWatch News Department was not involved in the creation of this content.
