1) Strong underlying uptrend.
2) Recent triangle breakout and came back to support
3) Inverse head and shoulders pattern
4) Oversold stochastics
All 3 point to upwards movement
Master Card has had a great run, and now we've got a tremendous amount of new volume post split which has added to the volatility of the stock. Combine that with "this quarter's dooms day sayers" for stocks and we have a nice story to begin building a position in this stock. This is not a bottom call, but for all of those longer term investors, its a call to...