Mastercard Inc. Makes New All Time High And Retreats

'' Mastercard Inc.

shares are trading higher by $1 at $91.23 in Wednesday's session. The catalyst for the rally was a Q1 beat for EPS ($0.89 vs. $0.80) but had a slight miss for sales ($2.23B vs. $2.28B). In addition, on its conference call predicted that tourism will be improving over the next few months. After a higher open ($91.13 vs, Tuesday's close of $90.23), it retreated to $90.69 before blasting to a new all time high at $93.59, eclipsing the former all time high of $93.00. Since making the high, it has surrendered much of its gains on is back on the lows for the session. It will need the close above $92.02 to post a new all time closing high. Also, today's rally is taking place on heavier than average volume. So far, it has traded 4.1M shares compared with its 20 day average of 4.2M with over four hours left in the session.