Visa's most recent trend suggests a bullish bias. One trading opportunity on Visa is a Bull Put Spread using a strike $175.00 short put and a strike $170.00 long put offers a potential 9.65% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $175.00 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock dropped below the $170.00 long put 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 up which suggests that the medium-term momentum for Visa is bullish.
The RSI indicator is at 76.67 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
Bitcoin Slumps More Than 10% as Powell Raises “Serious Concerns” About Libra
Thu, 11 Jul 2019 00:27:00 +0000
Investing.com – Prices of Bitcoin and other major cryptocurrencies slumped on Thursday in Asia after U.S. Federal Reserve Jerome Powell said Facebook Inc's (NASDAQ:FB) proposed digital currency Libra raised “serious concerns” and will need intense scrutiny.
Crypto News: Visa Invests in Custody Services, Uber Finalizes a Healthcare Partnership
Wed, 10 Jul 2019 22:02:00 +0000
Investors will want to take note of these recent deals.
Mastercard Buys Transfast to Expand Cross-Border Business
Wed, 10 Jul 2019 20:34:08 +0000
Mastercard's (MA) acquisition of Transfast will expand its connectivity worldwide, enhance compliance capabilities and enable it to offer superior foreign exchange tools.
3 Ways to Gain Exposure to Rising Dividends
Wed, 10 Jul 2019 15:51:24 +0000
Bullish chart patterns across the group of companies known as dividend achievers suggest that now could be the time to buy.
Bitcoin’s Rise Not Shared by Crypto Rivals, Market Dominance Hits 19-Month High
Wed, 10 Jul 2019 08:39:00 +0000
Investing.com – Bitcoin traded higher on Wednesday, extending its rally to five days and pushing the crypto sector higher, despite losses registered by its closest rival alt coins.
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