Mastercard has been fairly range bounce since topping out over the summer. It has an inverse head and shoulders pattern and the stock is drifting towards the high end of its trading range. It is a potential breakout candidate so you can start a small position now (25%) and increase it as the stock hits prior peaks on December 4th/November 10th, October 12th and August 28th.

If this trade works you'll be buying into the strength as the stock moves into a new trading range. Use a 10% stop loss or either the December 11th or November 20th close as exit points.
Comment: *range bound


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