GREEN – Favoured / Buy Zone
YELLOW – Neutral / Hold Zone
RED – Unfavoured / Sell / Avoid Zone
MASTERCARD (MA) NYSE – Dec 13, 2012 (SIA Daily Stock Report) – Since we last updated Mastercard (MA) 7 weeks ago, MA has moved up almost 8% (while the S&P 500 is up a little over 1%) and is now closing in on its next target resistance level at $505.46. Support is now at $448.83 and again at $406.52.
*** Since moving in to the Favored zone in the SIA/S&P100 Report back in June 2011, MA has remained a valid holding and is up over 60% during this time. The S&P 500 is up a little over 8% over the same time frame.
After a short stint in the Neutral zone in the SIA/S&P100 Report, Mastercard (MA) has had an impressive February now in the 8th spot. Having now moved through its last target resistance point at $408.60, the next resistance level is at $451.12. Support is now at $385.03 and again at $335.19.
*** – Although Mastercard did move down into the Neutral zone it did not trigger our technical stops and remained a valid holding.
Since we last updated Mastercard (MA) 7 weeks ago, MA has moved up almost 8% (while the S&P 500 is up a little over 1%) and is now closing in on its next target resistance level at $505.46. Support is now at $448.83 and again at $406.52. (more)
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