Visa Support and Resistance Levels: 8/28/09
Resistance - $70.43, $71.13, $75
Support - $68, $66
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Visa Inc. (NYSE:V) has been churning between $66 - $70 for about six weeks now. The key resistance level I am watching is the high of $71.13 from June 2009. A close over this level would be bullish and I think visa could run up to retest $75+
The technicals look great as Visa is now trading above all three key moving averages. I would be a buyer at $68 and $66 if we see a larger pullback.
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