Tuesday, August 12, 2014

Cashing In On Visa Inc

Visa Inc (NYSE:V) is one of the leaders in global payment technology. The stock was recently able to break above a major intraday trend line. Since making this break, it has been consolidating in a bullish manner, as shown in the 10 minute intraday chart below. The key level to watch for an intraday Visa Inc (NYSE:V) breakout will be a close above $211 in the 10 minute chart. If this occurs traders can expect a move up into the following levels: The first level will be $212.45 followed by $213.44 and ultimately gap fill at $214.10. Make sure you are watching these levels as they will provide great levels for trading.

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Kiliam Lopez
Elite Round Table, Pro Trader