Mastercard (MA) NewsBite - Trading With Unusual Volume

Posted: Monday, September 29, 2008 3:11 PM EDT

Mastercard (MA) appears to be trading at a higher than usual volume today and is now at $171.45, down $13.60 (-7.35%) on volume of 6,967,109 shares traded. For the last 30 days MA has traded 3,446,917 shares on average each day. So far today's volume is 102.13% above that average volume. Over the last 52 weeks the stock has ranged from a low of $143.15 to a high of $320.30. Mastercard stock has been showing support around $175.40 and resistance in the $190.84 range. 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 an October out-of-the-money bear-call credit spread above the 200 range. [ABR-Seven Summits Strategic Investments NewsBite]

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