#9 MasterCard (MA)
| Recommended by: John Lansing, Editor, Parabolic Options. MasterCard Incorporated’s (NYSE: MA) chart is showing a descending continuation triangle, a bearish signal that indicates that the current downtrend may continue. This pattern features two converging trendlines. The bottom trendline is horizontal, and the top trendline slopes downward. It forms with lows occurring at a constant price level, and highs moving constantly lower. The pattern displays two highs touching the upper trendline and two lows touching the lower trendline, and is confirmed when the price breaks out of the triangle formation to close below the lower trendline. Buying MA puts to anticipate the breakdown should pay off nicely with a $50 drop looking like a high probability in the near future.
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