The following is technical analysis for Visa ( V ) stock for April 2, 2009.Visa Support and Resistance Levels: 4/2/09
Resistance - $58, $60
Support - $54, $52.50, $50
http://stockcharts.com/ - Chart
Visa continues to trend along with the 10 day moving average, most importantly, above the 50 day moving average. When Visa starts to break out to the upside again, it will be a big move into the $60's. This could actually happen right before or after their next earnings report. I am waiting for a close over $58 as a sign Visa stock is ready to rock. Also, watch for a close above the 200 day moving average, this will be the first time ever! On the downside, I would be selling a close under $52.50. For More Technical Analysis - Go Here
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