Mastercard Inc (MA) Down 2.57%; Breaks Below 20 Day Average

Mastercard Inc 4 Hour Price Update

Updated September 08, 2020 04:37 PM GMT (12:37 PM EST)

In the past four hours of today’s trading session, MA’s price is down $-4.12 (-1.23%). For context, Mastercard Inc’s peers in the in the Business Services industry are down -1.11% on average in this time, while its counterparts in the broader Financial Services sector are down by an average of -2.64%.

Mastercard Inc Daily Price Recap

Mastercard Inc is down 2.57% ($8.83) since the day prior, marking the 2nd straight day a decrease has occurred. As for how volume fared, yesterday’s volume was up 4.4% from the previous day (Sunday), and up 87.17% from Monday of the week before. Let’s take a look at the daily price chart of Mastercard Inc.

MA

Mastercard Inc Technical Analysis

First things first: Mastercard Inc crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Mastercard Inc’s price has gone up 9 of the previous 14 trading days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about MA:

    $MA I understand the sell off in some tech stocks but $MA selling off so much is ridiculous. It’s not just on credit cards like $V there are a lot of debit cards with the name and prepaid cards. As people move away from physical cash these two are a must own in any portfolio

    Oceanavekid