Mastercard Inc (MA) Down 1.52%

Mastercard Inc Daily Price Recap

Mastercard Inc’s 5 day positive streak has officially concluded, as the candle from yesterday closed down 1.52% ($4.54). This move happened on lower volume, as yesterday’s volume was down 14.11% from the day before — and down 0.88% from the same day the week before. Here is a daily price chart of Mastercard Inc.

Mastercard Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Mastercard Inc’s price has gone up 15 of the previous 30 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to MA:

    1Q20 saw continued growth in the credit card industry with 184.7M US consumers now having access to a credit card.

    There are 457.6M credit cards in the US – up nearly 25M from one year ago. Following 7 consecutive quarters of origination growth, 4Q19 was another record-setting quarter for originations with 18.9M new accounts – the 2nd straight quarter of originations over 18M & a growth rate of 14.9% y/y. Average credit card debt per borrower rose to $5,653 while consumer delinquency continued to increase to 1.97% in 1Q20, which is the highest level since 2011.

    $V $MA $AXP $COF $C

    Ro_Patel