I wanted to highlight our Mastercard (MA) trade from last week's newsletter. This was the recommendation:
MASTERCARD INC. (MA) – Stop-in Long play
- ENTRY PRICE: Stop-in long at $538.35
- 1ST TARGET PRICE: $552.50 – 2nd Target: $560.00
- STOP LOSS: close below - $527.33
- OPTIONS TRADE – N/A
THESIS: This is a trade, not a long-term hold. Watch for mid-week cancellation of this trade.
Here is the result, which will be in this week's Newsletter on Sunday:
6. Mastercard (MA) – Long on a “Stop-in" at 538.36 on the 23rd, both targets, $552.50 (which was filled higher on the open at $557.18), and $560.00 reached were on the 24th. We are flat MA
-Bobby-