SIA Charts Daily Stock Report (siacharts.com)
The SIA Daily Stock Report utilizes a proven strategy of uncovering outperforming and underperforming stocks from our marquee equity reports; the S&P/TSX 60, S&P/TSX Completion and S&P/TSX Small cap We overlay these powerful reports with our extensive knowledge of point and figure and candlestick chart signals, along with other western-style technical indicators to identity stocks as they breakout or breakdown. In doing so we provide our Elite-Pro Subscribers with truly independent coverage of the Canadian stock market with specific buy and sell trigger points.
Note: Subscribers can screen all Canadian and U.S. stocks and mutual funds, or as components of equally weighted mutual fund sectors indices (e.g. Income Trusts, Precious Metals), and fund groups by issuer (eg. AGF, Dynamic, Franklin Templeton), all Canadian ETFs, ETF Families by issuer (iShares, Horizons, BMO) or as components of Equally Weighted ETF Sector Indices (e.g. 2020+ Target date, Cdn Equity Lg Cap), and create and monitor their own, or SIA's existing model portfolios. Finally, subscribers benefit from being able to generate BUY-WATCH-SELL Signals on demand with SIA Charts proprietary Favoured/Neutral/Unfavoured, SMAX scoring algorithm (see green-yellow-red graph 1 below).
MASTERCARD (MA) NYSE - April 12, 2013
GREEN - Favoured / Buy Zone
YELLOW - Neutral / Hold Zone
RED - Unfavoured / Sell / Avoid Zone
MASTERCARD (MA) NYSE - April 12, 2013 - Mastercard (MA) is rapidly closing in on its next target resistance level at $557.20 after ending the day at a new all time closing high. Support is now found at $494.78 and again at $448.14.
Back on February 28, we reviewed MA and after a short stint in the Neutral zone in the SIA S&P 100 Report, Mastercard (MA) has had an impressive February now in the 8th spot. Having now moved through its last target resistance point at $408.60, the next resistance level is at $451.12. Support is now at $385.03 and again at $335.19.
*** Although Mastercard did move down into the Neutral zone it did not trigger our technical stops and remained a valid holding.
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