Uptrend Channel in MasterCard (MA)

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By Andy Swan | Published 04/10/2008 | Stocks | Unrated

Uptrend Channel in MasterCard (MA)

MasterCard Incorporated (NYSE:MA) has been trading in an uptrend channel over the last year. Now, inside this uptrend channel, MA has created an ascending triangle with resistance at 225. After breaking resistance, MA pulled back slightly and now looks to be setting up for a rally.

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