Mastercard (MA) NewsBite - MA Is On the Move
Posted: Thursday, February 04, 2010 10:28 AM EDT
Mastercard (MA) appears to be on the move today and is now at $230.37, down $17.22 (-6.95%) on volume of 2,950,441 shares traded. Over the last 52 weeks the stock has ranged from a low of $139.00 to a high of $269.88. MA was covered in a was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la020410 . Mastercard stock has been showing support around $242.61 and resistance in the $256.49 range. Technical indicators for the stock are bullish and S&P gives MA a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on MA the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 260 range. [ABR-Seven Summits Strategic Investments NewsBite]
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