Mastercard Inc-A (MA) Approaches New Downside Target of $354.21

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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

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