Mastercard (MA) NewsBite - One of Today's Top Gainers So Far

Posted: Thursday, November 19, 2009 1:42 PM EDT

Mastercard (MA) leads the list of top gainers so far today and is now at $233.76, up $6.48 (2.85%) on volume of 2,724,499 shares traded. Over the last 52 weeks the stock has ranged from a low of $113.05 to a high of $242.93. Mastercard stock has been showing support around $222.35 and resistance in the $234.39 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 January out-of-the-money bull-put credit spread below the 200 range. [ABR-Seven Summits Strategic Investments NewsBite]

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