Master Card (MA) traded as high as $119.71 per share yesterday (May 2nd), essentially meeting our $120.00 target first mentioned in our September 29th 2016 Monthly Investment Compass report. Under these circumstances we suggest that investors consider taking profits on long positions which, considering MA’s current level of $117.85, would capture a $17.24 per share, 17.1% gain in about 7 months.
During the same period, MA also outperformed the S&P 500 by 5.6%.
Here is the chart from our September 29th, 2016 report.
Here is the updated version of that chart as of this the close on May 2nd.
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