Mastercard Incorporated (MA) – stock is trading around $292.21 dollars as of December, 13, 2019 and offering a possible buying price between $292.21 – $306.82. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had a rock solid run up since it’s early February breakout.
3. The stock tried to rally up back in early September, but ended up staging a classic rail road reversal.
4. With the reversal the stock started to level below the 50 day moving average (DMA) support line.
5. However, the stock traded well above the 200 DMA.
6. The stock also regained the 50 DMA few weeks back.
7. The stock is offering possible buying price between $292.21 – $306.82, with a stop loss at $268.83.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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