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Saturday, December 26, 2009

Visa V Stock Analysis - December 2009

Visa, Inc. (V) Stock Chart Analysis - The following is technical analysis for Visa Inc. (NYSE:V) stock for December 28, 2009.
Visa, Inc. (V) Support and Resistance Levels: 12/28/09

Resistance - $88, $89.69

Support - $86.15, $81.90, $80



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Visa, Inc. (V) stock is pulling back to the 10 day moving average after the recent spike higher. If VISA closes below this level, I'd watch out for a possible retest of the 50 day moving average. On the upside, I'm watching the recent high of $89.69. I will be a buyer of a close over $90.

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