When stock markets pullback with worries over inflation, consumer spending, unemployment and more, credit card companies tend to get sold lower as well. That’s what is happening to MasterCard Stock (MA) as it falls lower today. The stock though, is still trying to hold into the important $350 support level. If it breaks, we could see some heavier selling.
Here are two trades that I plan to add to, should the stock finally break support this week.
The rest of this trade alert and ideas article is for FullyInformed Members.
MasterCard Stock (MA) Tumble – 2nd Trade Alert and Idea for Mon Oct 4 2021
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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