Mastercard Incorporated (MA/NYSE/S&P 500)
20 September 2017, 11:58
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 143.30 |
| Take Profit | 144.25, 145.25, 146.00 |
| Stop Loss | 142.25 |
| Key Levels | 137.00, 140.00, 142.00, 143.25 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 141.90 |
| Take Profit | 140.00, 139.50 |
| Stop Loss | 143.00 |
| Key Levels | 137.00, 140.00, 142.00, 143.25 |
Industry: Credit Services
Current trend
Yesterday, the board of directors of Mastercard declared a quarterly dividend of $0.22 per share with payment in November 2017.
Last week, a conference was held with Mastercard investors, who largely supported the issuer's quotes by raising key business indicators in the medium term. The company has updated the annual growth rate of earnings per share, increasing its growth to 20% for 2016-2018. Management of Mastercard stressed out that it sees significant expansion opportunities in the segment of electronic payments, which allows us to hope for the inflow of cash to increase payments to shareholders.
Over the past week, Mastercard shares rose by 0.05%. The S&P 500 index for the same period increased by 0.27%.
A comparative analysis of the company's multipliers and competing companies in the industry testifies to the undervaluation of Mastercard shares.
Key levels
Since the beginning of this month, the company's shares have been dominated by "bullish" sentiment. Nevertheless, correction is not ruled out in the near future. There is a classic reversal figure of the technical analysis "double top" on the chart. At the moment, the key trading range is 142.00-143.25.
Support levels: 142.00, 140.00, 137.00.
Resistance levels: 143.25.
Trading tips
If the price consolidates above the level of 143.25, the upward trend of #MA may continue. The stop loss will be located at 142.25. Potential profit levels are 144.25, 145.25, 146.00.
If the price consolidates below the support level of 142.00, you can search for entry points to open short positions. Stop loss can be set at around 143.00. The potential profit levels are in the range of 140.00-139.50.
Trading scenarios will be relevant for 2-3 days.
Current trend
Yesterday, the board of directors of Mastercard declared a quarterly dividend of $0.22 per share with payment in November 2017.
Last week, a conference was held with Mastercard investors, who largely supported the issuer's quotes by raising key business indicators in the medium term. The company has updated the annual growth rate of earnings per share, increasing its growth to 20% for 2016-2018. Management of Mastercard stressed out that it sees significant expansion opportunities in the segment of electronic payments, which allows us to hope for the inflow of cash to increase payments to shareholders.
Over the past week, Mastercard shares rose by 0.05%. The S&P 500 index for the same period increased by 0.27%.
A comparative analysis of the company's multipliers and competing companies in the industry testifies to the undervaluation of Mastercard shares.
Key levels
Since the beginning of this month, the company's shares have been dominated by "bullish" sentiment. Nevertheless, correction is not ruled out in the near future. There is a classic reversal figure of the technical analysis "double top" on the chart. At the moment, the key trading range is 142.00-143.25.
Support levels: 142.00, 140.00, 137.00.
Resistance levels: 143.25.
Trading tips
If the price consolidates above the level of 143.25, the upward trend of #MA may continue. The stop loss will be located at 142.25. Potential profit levels are 144.25, 145.25, 146.00.
If the price consolidates below the support level of 142.00, you can search for entry points to open short positions. Stop loss can be set at around 143.00. The potential profit levels are in the range of 140.00-139.50.
Trading scenarios will be relevant for 2-3 days.
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