MA (Mastercard) has been on my bearish short watchlist every since it broke down below the 50 day moving average on heavy volume. However, the stock's technical pattern made a 180 degree reversal in one day, with today's 28 point gain that easily put it back over the moving average and close to making a 50 day high. I'd like to see a bit of consolidation to digest today's gains and enter on a low volume pullback or breakout to new highs.
No comments:
Post a Comment