MasterCard Incorporated (NYSE:MA) is trading lower today on the back of continued worry about rules that may drastically cut into their profits. The stock dropped from a recent high of $260.72 to its current price of $217.97. While there is some decent support at $215.00, MasterCard could see further downside. The chart below explains and shows the key levels. As a Chief Market Strategist, I will remain patient until MA hits $205 to $191.00. In this area, the risk, reward will turn in the longs favor.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
