Mastercard (MA) Offering Possible 40.85% Return Over the Next 35 Calendar Days

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Mastercard’s most recent trend suggests a bullish bias. One trading opportunity on Mastercard is a Bull Put Spread using a strike $370.00 short put and a strike $360.00 long put offers a potential 40.85% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $370.00 by expiration. The full premium credit of $2.90 would be kept by the premium seller. The risk of $7.10 would be incurred if the stock dropped below the $360.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Mastercard is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Mastercard is bullish.

The RSI indicator is at 70.59 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Mastercard

MasterCard (MA) Stock Sinks As Market Gains: What You Should Know
Tue, 13 Apr 2021 21:50:09 +0000
MasterCard (MA) closed at $378.13 in the latest trading session, marking a -0.45% move from the prior day.

Consumers worldwide spent $900B more online in 2020: RPT
Tue, 13 Apr 2021 15:01:33 +0000
Consumers spent an additional $900 billion in online retail last year, according to Mastercard’s latest Recovery Insights report. Bricklin Dwyer, Mastercard Chief Economist, joins Yahoo Finance Live to break down the company’s latest consumer spending report and discuss the outlook for retailers in a post-covid world.

Gap signs credit card agreement with Barclays and Mastercard after split with Synchrony
Tue, 13 Apr 2021 13:48:00 +0000
Gap Inc. said Tuesday that it has signed long-term credit card agreements with Barclays PLC [s:bcs], which will exclusively issue Gap Inc. cards, and Mastercard Inc. , which will issue co-branded cards across the namesake, Banana Republic, Old Navy and Athleta brands. Barclays will begin issuing cards in May 2022. The credit card program is a key component of Gap’s growth strategy and new rewards programs, the apparel retailer said. Synchrony Financial announced earlier on Tuesday that it will not renew its partnership with Gap. Shares of Gap fell 2.6% in early Tuesday trading, but have rallied 58% for the year to date. The S&P 500 index is up 9.9% for 2021 so far.

Mastercard, UBS, and JPMorgan pour $65 million into Ethereum startup studio ConsenSys
Tue, 13 Apr 2021 13:00:36 +0000
The software firm is a major Ethereum cryptocurrency player.

Blockchain firm ConsenSys raises $65 million from J.P. Morgan, others
Tue, 13 Apr 2021 13:00:01 +0000
Blockchain technology firm ConsenSys said on Tuesday it had raised $65 million from major banks and financial services firms including J.P. Morgan, Mastercard Inc and UBS Group AG to fund its growth and global expansion. Blockchain emerged over a decade ago as the technology powering cryptocurrency transactions. Since then, banks and other large corporations have been investing millions of dollars to develop and test a range of business applications using blockchain.

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