Mastercard (MA) NewsBite - Visa (V) Earnings Lift MA

Posted: Wednesday, October 28, 2009 1:56 PM EDT

Mastercard (NYSE: MA) opened at $221.90. So far today, the stock has hit a low of $220.00 and a high of $228.90. MA is now trading at $220.96, up $0.41 (0.19%). Over the last 52 weeks the stock has ranged from a low of $113.05 to a high of $232.25. Shares of MA are rising today after competitor Visa (V) reported a third-quarter profit that topped analysts' forecasts. This could be a good sign for MA, which reports earnings on November 3. 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 November out-of-the-money bull-put credit spread below the 200 range. [ABR-Seven Summits Strategic Investments NewsBite]

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