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VISA INCVISA INCVISA INC

VISA INC

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V trade ideas

'Tenkan declining Visa Cards!'We had three consecutive weeks were the market tried but failed to penetrate the weekly Tenkan on close. The story here is the bulls just dnt have what it takes to break this barrier. The market likes paths of less resistance so the upward failure can only mean one thing....the bears are going to come in. The 1st target would be the weekly Kijun and then after that we have an area close to the low of the month. My stop loss is slightly above the three candle wicks...if we get get there and close above the Tenkan that means invalidation. Otherwise looking very red for Visa. Entry: Two small positions @ 177.85 SL: 181.14 TP1: 172.04 TP2: 169.05
NYSE:VShort
by taftrader
$V VISA benefits from adoption to Cashless society Entry level $178.50 = Target price $191 = Stop loss $174.50 Earnings breakdown Non-GAAP per-share earnings of $1.47 on revenue of $6.13. For comparison, Wall Street was looking for earnings per share and revenue of $1.43 and $6.08 billion. Non-GAAP EPS comes in 21% higher YoY compared to $1.21. The Visa earnings report also has revenue increasing by 13% from the $5.43 billion reported during the same time last year. Operating income of $3.74 billion is 9.68% higher than $3.41 billion reported in fiscal Q4 2018. The company’s net income of $3.03 billion is 6.32% better compared to $2.85 billion in the same period of the year prior. V also notes that payments volume was up 9% from the fiscal fourth quarter of 2018. Technically the chart is in a strong long term uptrend. Indicators are in a bullish reversal pattern, advances in the stock will be highly dependent on market strength continuing. P/E ratio 35, quite high but acceptable in such a growth sector. Average analysts price target $202 & Buy rating.
NYSE:VLong
by Bullishcharts