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MasterCard set to underperform: Berger
Serge Berger of TheSteadyTrader.com is looking to short MasterCard. Berger says that the stock has seen a strong rally and has become extremely overextended.
Berger thinks that the bulls are exhausted and he points to follow-through selling on both a daily and a weekly basis.
Serge Berger is setting a short at $95.60 with a target of $90.00 and a stop at $98.50.
01:13 minutes
Tags: equities, mastercard, saxobank.com, saxotradergo, serge berger, serge berger tradingfloor.com, short, short-selling, stocks, tradingfloor saxo bank, tradingfloor.com
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