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 start dollar cost averaging into this name.
I've highlighted a Fib series that has been stable since September 2010, so we've had a great run, with lots of points to pull back too, and so, I've also highlighted several /share points which correspond with the stocks "fair value:" based on discounted cash flow analysis, FCF growth rates.
Also, want to highlight this great call on the down turn and counter point to the valuation here: tradingview.com/v/NQT8Emij/