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Friday, October 2, 2009

Visa V Stock Technical Analysis October 2009

Visa V Stock Chart Analysis - The following is technical analysis for Visa Inc. (NYSE:V) stock for October 5, 2009.

Visa Support and Resistance Levels: 10/5/09

Resistance - $69.81, $71.26

Support - $66.04, $65.25, $61



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Visa Inc. (NYSE:V) has closed below the 50 day moving average for the past 4 trading sessions. I would not touch the stock until it closes back over the 50 day moving average ( $69.81 ) or retests the 200 day moving average ( $60.92). Keep an eye on the previous two lows of $66.04 & $65.25. If Visa breaks these lows, you might want to try going short for a trade. For More Technical Analysis - Go Here

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