Mastercard's most recent trend suggests a bullish bias. One trading opportunity on Mastercard is a Bull Put Spread using a strike $330.00 short put and a strike $325.00 long put offers a potential 43.68% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $330.00 by expiration. The full premium credit of $1.52 would be kept by the premium seller. The risk of $3.48 would be incurred if the stock dropped below the $325.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Mastercard is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Mastercard is bullish.
The RSI indicator is at 59.03 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Mastercard
Mastercard Gets Approval To Enter China Payments Market
Wed, 12 Feb 2020 10:20:22 +0000
Mastercard Inc. (NYSE: MA ) has won the approval of the People’s Bank of China (PBOC) to start a bank card clearing business in China. What Happened Mastercard has secured the “in-principle” approval of …
Mastercard Gets Closer To Tapping This $27 Trillion Payments Market
Tue, 11 Feb 2020 21:09:37 +0000
Mastercard could gain access to China's $27 trillion payments market after winning approval to set up a bank card clearing business in the one-party state.
It isn’t 1999—the party’s not over for tech stocks yet, Goldman says
Tue, 11 Feb 2020 19:47:00 +0000
Goldman Sachs analysts believe there’s still upside in tech stocks, even if other observers compare the current moment to the bursting of the dot-com bubble two decades ago.
China c.bank gives green light to Mastercard's China JV for clearing business
Tue, 11 Feb 2020 19:17:21 +0000
China's central bank said on Tuesday it has approved an application by Mastercard's China joint venture to conduct bank card clearing operations in the country. The People's Bank of China (PBOC) made the announcement weeks after China and the United States signed a Phase I trade deal in which Beijing agreed to open up its giant financial services market. The approval, made with China's banking regulator, is another example of "China opening up its financial industry, and deepening supply-side reforms in the sector," PBOC said in a statement on its website.
Mastercard stock gains after company gets 'in-principle approval' for China clearing
Tue, 11 Feb 2020 15:46:00 +0000
Mastercard Inc. announced Tuesday that it has won "in-principle approval" from the People's Bank of China (PBOC) to begin preparations for a potential bank-card clearing business in the country that would be run through a joint venture. The company will be able to apply for formal approval within a year. "We remain focused on working with the Chinese government and local partners to grow the overall payments infrastructure," Chief Executive Ajay Banga said in a release. Keefe, Bruyette & Woods analyst Sanjay Sakhrani said that the move seemed like "a step in the right direction" but noted that the process of receiving formal approval "could take time and there are still a number of unknowns even if approved by the PBOC." Mastercard's stock is up 1.4% in the session as the S&P 500 is up 0.7%.
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