Mastercard's most recent trend suggests a bullish bias. One trading opportunity on Mastercard is a Bull Put Spread using a strike $362.50 short put and a strike $357.50 long put offers a potential 35.5% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $362.50 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $3.69 would be incurred if the stock dropped below the $357.50 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Mastercard is bearish and the probability of a decline 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 47.43 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Mastercard
Hedge Funds Are Selling Mastercard Incorporated (MA)
Sun, 13 Jun 2021 20:23:00 +0000
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Sponsors pull out of Copa America in Brazil over Covid risk
Sat, 12 Jun 2021 00:00:00 +0000
Mastercard, Ambev and Diageo — have pulled their brands from the Copa America football competition in Brazil, which is due to kick off on Sunday in spite of the country’s raging Covid-19 crisis. Latin America’s largest nation offered to host the regional tournament at the end of last month after previous co-hosts Argentina and Colombia cancelled. Brazil’s decision to step in, which had the backing of rightwing president Jair Bolsonaro, drew censure from many medical figures and opposition politicians, who argued it risked further spreading the virus as the pandemic continues unabated in the country.
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Fri, 11 Jun 2021 13:00:01 +0000
We take a sneak peek into four stocks – MA, V, GPN and AXP. These are well-poised for growth amid a gradual rise in consumer spending, possibly hinting towards recovery of the U.S. economy.
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