Saturday, April 16, 2011

VIsa, Inc. (V)

I've been in Visa since the big drop back in December 2010.  I think the reaction to the debit/credit card swiping fees was way overdone, and on top I don't think they will effect Visa as much as the banks.  Since December Visa has broken the 200 EMA twice, the most recent cross being this April.  Recently the 50 EMA crossed the 100 EMA, and I think this is a start to a larger uptrend.  If V can break the $77 resistance and then break through the December 2010 top around $80, we might be looking upwards at $$95.

I will be watching $77 and $80 levels closely

1 comment:

  1. V broke resistance at $77 and $78. Today looks like a nice place to load up on weakness. Should see $80-$81 in the next couple of weeks.

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