Visa's most recent trend suggests a bearish bias. One trading opportunity on Visa is a Bear Call Spread using a strike $230.00 short call and a strike $240.00 long call offers a potential 32.63% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $230.00 by expiration. The full premium credit of $2.46 would be kept by the premium seller. The risk of $7.54 would be incurred if the stock rose above the $240.00 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Visa is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Visa is bearish.
The RSI indicator is at 30.23 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Visa
700 Million Reasons the Dogecoin Bubble Will Burst
Thu, 20 May 2021 09:51:00 +0000
For more than a century, history has been pretty clear: Investing in the stock market has been one of the most-effective ways to build wealth over time. Bitcoin (CRYPTO: BTC) and Ethereum, the two-largest digital currencies by market value, both traded well below $1 following their inception and now go for around $50,000 and $4,000 per token, respectively. Rather, joke cryptocurrency Dogecoin (CRYPTO: DOGE) has been all the rage.
Visa Inc. to Participate in Upcoming Investor Conferences
Wed, 19 May 2021 20:05:00 +0000
Visa Inc. (NYSE: V) today announced its participation in the following investor conferences.
10 Best Blockchain Stocks to Buy
Tue, 18 May 2021 14:05:28 +0000
In this article we will take a look at the 10 best blockchain stocks to buy. You can skip our detailed analysis of these companies, and go directly to the 5 Best Blockchain Stocks to Buy. Cryptocurrencies have attracted mixed reactions from the Wall Street over the last few years, including criticism from institutions and […]
Visa Partners with CoinZoom to Enable Cryptocurrency Payments
Mon, 17 May 2021 12:44:49 +0000
Visa (V) and CoinZoom have joined forces to make it easy for people to spend cryptocurrencies at more than 53 million locations. CoinZoom Visa cardholders can earn between 1% and 5% in card rewards for every purchase that they make. CoinZoom Visa cardholders will have to select the cryptocurrency they want to use on the CoinZoom App. In return, Visa and CoinZoom will convert their crypto holdings into a currency accepted by the merchant. Consumers' rewards for using the CoinZoom Visa Card will depend on the number of ZOOM tokens in their accounts. Trading fee discounts are also on offer when placing trades on the exchange for people who maintain the required number of ZOOM tokens. While the CoinZoom Visa card is currently only available to U.S. customers, there are plans to make it available globally. (See Visa stock analysis on TipRanks) Mizuho Securities analyst Dan Dolev believes Fiscal Q2, ended March 30, marks a watershed moment for Visa given accelerating U.S. payment volumes and the unfolding crypto strategy. U.S. payment volumes were up 29% in April vs. 2019 levels. “Is there more upside coming? We say yes, as F3Q's revenue guide looks overly conservative. It assumes: higher incentives, a significant deceleration in two-year stack vs. 2019, and flat Q/Q growth vs. normal trends. We are higher at +23% vs. guide of high-teens, which we view as likely still conservative,” Dolev wrote in a research note to investors. Dolev has since reiterated a Buy rating on Visa. The analyst has upped the price target to $275 from $250, implying 21.18% upside potential to current levels. Consensus among analysts on Wall Street is a Strong Buy based on 18 Buy and 3 Hold ratings. The average analyst price target of $267.63 implies 17.93% upside potential to current levels. V scores a 6 out of 10 on TipRanks’ Smart Score rating system suggesting its performance is likely to align with market expectations. Related News: Marathon Petroleum Sells Speedway, Plans $10B Stock Buyback Alibaba Reports First-Ever Loss Since IPO; Stock Falls 6% Google Fined €102M in Italy for Anti-Competitive Behavior More recent articles from Smarter Analyst: Oracle Wins Cloud Contract from Dish’s 5G Network Project General Mills to Snap up Tyson Food’s Pet Treats Business for $1.2B DoorDash Reports Strong Q1 Results; Stock Soars 21.68% Marathon Petroleum Sells Speedway, Plans $10B Stock Buyback
What's the Environmental Impact of Cryptocurrency?
Thu, 13 May 2021 13:15:38 +0000
Cryptocurrencies have come a long way from their relatively obscure origins. While the mainstream financial world once disdained digital currencies as tools for criminals and speculators, the industry has made significant progress in establishing itself as a legitimate and (potentially) world-changing space. Bitcoin (BTC) and ether (ETH) have seen massive growth in price and users, but there are still doubts about the consequences of wide cryptocurrency adoption.
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