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Visa Broke Resistance
Published on Tuesday, 07 February 2012 09:12 Written by TradersHuddle Wire
New York, February 7th (TradersHuddle.com) - Shares of Visa Inc. (NYSE:V) closed the trading session at $107.36 just above calculated resistance at $104.20 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range
Visa Inc. (NYSE:V) is a retail electronic payments network operator. The company manages global financial services and offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
Visa's stock was trading in a well defined range with support at $98.80 and resistance at $104.20, given that this range was broken traders will be closely monitoring the stock
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- Visa Inc. (V): Today's Featured Diversified Services Winner - TheStreet.com
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