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End of Buy Signal for MasterCard

The buy signal issued for MasterCard (MA) on 9/5/13 has been closed. This has been a great trade that is up over 25% from by signal to close signal. Like the post on Baidu (BIDU) yesterday this is a trade that you could let ride a bit longer and set a stop below yesterday’s low.  Or close the trade if the S&P 500 index stalls at its 50 day moving average and MA remains weak.  The market is poised for at least an oversold bounce so MA should rise with it at least for a day or two.  As always you should manage your own trades because a trade signal isn’t the same as trading in real life.

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