[May 23, 2013] SmarTrend Watching for Potential Rebound in Shares of MasterCard After 1.21% Loss Tweet May 23, 2013 (SmarTrend(R) News Watch via COMTEX) -- MasterCard (NYSE:MA) traded in a range yesterday that spanned from a low of $568.38 to a high of $576.99. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $576.14 on volume of 610,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. SmarTrend recommended that subscribers consider buying shares of MasterCard on April 30th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $546.25. Since that recommendation, shares of MasterCard have risen 5.6%. We continue to monitor MA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Over the past year, MasterCard has traded in a range of $389.90 to $589.00 and is now at $569.73, 46% above that low. The 200-day and 50-day moving averages have moved 0.47% higher and 0.60% higher over the past week, respectively. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]