MA’s Bullish Pullback

Mastercard, MA, has pulled back to the breakout point and shows a solid accumulation pattern post breakout. It is a bit concerning that the stock pulled back so quickly, but it did come on lower volume and is holding support.

Concerns aside, the stock does offer a well defined reward to risk setup. If entering at the current price ($205), a logical stop would be under the 50 day moving average with the target at the recent high of $220. That would give a 3:1 reward to risk ratio.

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