Mastercard (MA) Offering Possible 9.41% Return Over the Next 6 Calendar Days

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Mastercard’s most recent trend suggests a bearish bias. One trading opportunity on Mastercard is a Bear Call Spread using a strike $277.50 short call and a strike $282.50 long call offers a potential 9.41% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $277.50 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $282.50 long call strike price.

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

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

The RSI indicator is at 52.03 level which suggests that the stock is neither overbought nor oversold at this time.

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Tappy Technologies partners with Mastercard to Embed Payment Functionality into Fashion Wearables
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HONG KONG and SINGAPORE , Nov. 6, 2019 /CNW/ — Tappy Technologies, the Hong Kong-based wearable and digital payments solution provider, today announces strategic partnership with Financial technology pioneer, Mastercard, in the Asia Pacific region. The patented technology of Tappy embeds contactless payment chips into virtually any fashion accessory, transforming them into payment-enabled wearables. “Fashion-conscious consumers are now looking to their favorite brands to add payment capabilities to their watches, jewelry and other accessories.

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