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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