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Check Out This Major Trend Line Just Hit On $MA

Shares of Mastercard Inc (NYSE:MA) surged higher with the rest of the stock market today. The main difference between the S&P and Mastercard? Mastercard tagged a trend line that forms when you connect the last three major pivot highs. While predicting a pull back in a stock is not en vogue these days, a chart is a chart and I have to go with the technical levels. I am looking to short Mastercard Inc at current levels off this massive resistance trend line. Notice how every time this trend line has been tagged in the past, Mastercard has pulled back sharply. I am betting the same will happen.

Stock market trend line analysis on shares of Mastercard Inc