Mastercard Inc. (MA) has been in a long-running uptrend as the rumors of the U.S. consumer's death have been exaggerated.
Let's check out the charts and indicators of this Action Alerts PLUS holding.
In the daily bar chart of MA, below, we can see that the shares have recovered their entire decline from February to late March and even more. MA pushed up to a new high in August. Prices are trading above the rising 50-day moving average line and above the rising 200-day moving average line. A bullish golden cross of these two indicators can be seen in late June.
The trading volume has declined from the torrid pace in February-April but it is still active. The On-Balance-Volume (OBV) line has been rising since April and tells me that buyers of MA have been more aggressive, which helps to confirm the uptrend.
The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.