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MasterCard(MA - Get Report) is a global payments company that provides a economic link among financial institutions, businesses, merchants, cardholders and governments worldwide, enabling them to use electronic forms of payment instead of cash and checks. This stock is closed up 1.8% at $406.83 after hitting a 52-week high of $408.54 earlier in the day.
Wednesday's Range: $397.98-$408.54
52-Week Range: $240.36-$401.79
Volume: 1 million
Three-Month Average Volume: 1.05 million
MasterCard has a market cap of $51.5 billion and an enterprise value of $45.6 million. The stock trades at a trailing price-to-earnings of 27.46 and forward price-to-earnings of 15.84. Its estimated growth rate for this year is 17.4%, and for next year it's pegged at 17.3%.
From a technical perspective, MA has been trading within a tight trading range for the past few trading sessions between $390 and $400. On Wednesday, the stock has spiked to the upside above $400 and it has now entered new all-time high territory.
Traders should continue to look for short-term long-biased traders in MA as long as the stock is trending above $400 and the upside volume is strong. Volume finished a bit below its average action of 1.05 million shares, so look for better upside volume in the next few days.
MasterCard shows up on a list of
20 Winning Stocks Set to Post New Highs in 2012.