Stock: Mastercard (MA)
Long or Short: Long
Reason for Trade: There is so much to like about the MA setup. The long-term consolidation of the price over the greater part of this year, followed by the breakout and retrace to the breakout level provided me with the exact entry point that I was looking for. The tight stop coupled with a strong target price gives MA a very solid reward to risk opportunity.
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Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida. More >>