Mastercard (MA) NewsBite - Upgrade Boosts MA

Tuesday, August 19, 2008 10:02 AM EDT

Mastercard (NYSE: MA) opened at $239.00. So far today, the stock has hit a low of $233.20 and a high of $242.83. MA is now trading at $242.60, up $4.69 (1.97%). Over the last 52 weeks the stock has ranged from a low of $126.63 to a high of $320.30. MA shares are trading higher today after being upgraded by an analyst at Goldman Sachs to Buy from Neutral. Technical indicators for the stock are neutral and S&P gives MA a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on MA the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 200 range. [ABR-Seven Summits Strategic Investments NewsBite]

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