CHICAGO, Feb. 22, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "inthemoneystocks".
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
MasterCard Pulls Back Off Key Level
February 22, 2011 - RELATED TICKERS: MasterCard Incorporated (NYSE: MA), Visa Inc. (NYSE: V) and American Express Company (NYSE: AXP).
After a solid move higher in the markets yesterday, the S&P500 is slightly higher again today. The grind continues up, as volume remains light and optimism continues to flow. While the market has been moving up over the last two days, MasterCard Incorporated (NYSE: MA) has fallen.
The reason for the fall on Mastercard is simple. The stock retraced the entire mega-move lower that occurred after the Federal Reserve eluded to curbing fees the credit card companies could charge. Prior to that announcement, the stock had been trading at $259.00. Within three days, the stock hit a low of $215.00. This was a tremendous collapse for a stock which had been a leader.
Since then, the stock has moved higher, grinding day after day, finally reaching its 100% retrace at $259.00. That, my friends, is the shorting spot. It hit this level two days ago. Since then, the stock has fallen 7.00 points for a beautiful short. Learn these methods and you will achieve greatness in the trading world.
The other credit card players are mixed today. Visa Inc. (NYSE: V) is trading at $76.27, +0.31 (+0.41%) while American Express Company (NYSE: AXP) is trading at $46.00, -0.86 (-1.84%).
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.
Follow us on Twitter: http://twitter.com/ZacksResearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Brent Billock |
|
People & Picks Manager |
|
Company: Zacks.com |
|
Phone: 312-265-9307 |
|
Email: [email protected] |
|
Visit: www.Zacks.com |
|
SOURCE Zacks Investment Research, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article