MasterCard Trades Lower As Fed Rules Loom

MasterCard Incorporated MA is trading lower today on the back of continued worry about rules that may drastically cut into their profits. The stock dropped from a recent high of $260.72 to its current price of $217.97. While there is some decent support at $215.00, MasterCard could see further downside. The chart below explains and shows the key levels. As a Chief Market Strategist, I will remain patient until MA hits $205 to $191.00. In this area, the risk, reward will turn in the longs favor. Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com