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Mastercard Inc Puts In Technical Top

September 19, 2013 – Comments (0) | RELATED TICKERS: MA

Mastercard Inc (NYSE:MA) is reversing earlier gains today as it puts in a technical top. This stock has had an epic performance since 2009 when it was priced at $117.00. The stock hit a new all time high today at $695.01. That is a massive gain of almost 500%. There have been only minor pull backs along the way.

Today, the stock pushed up to $695.01 hitting that new all time high and have since reversed almost $10. In the short run the stock should pull back to $655.00. In the longer term a much bigger pull back is likely.

Gareth Soloway
InTheMoneyStocks.com