MasterCard Spikes on Good Earnings News

After announcing better than expected earnings, MasterCard (MA) on November 1, 2006 jumped $10.97 (14.8%) to $85.07. MA has been on the price upside since August 2006 but this latest price increase is not sustainable. Wait for significant price dips before you buy MasterCard.

The percent winners chart shows the outcomes of all buy and sell combinations (based on daily close) from March 25, 2006 through November 2, 2006. For the 6,328 buy and sell combinations 5,552 (87.74%) made money (green) and 776 (12.26%) did not (red). Click the chart to enlarge it.

The winners and losers map shows the winners and losers with no relief so the map is flat. Most of the losing buy and sell combinations occurred while MA traded sideways from March through early August. Click the map to enlarge it.

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Posted November 2, 2006.