Visa (V) NewsBite - V Hits 52-Week High

Nov 04, 2009

Visa (V) Continues Its Strong Upward Trend And Sets New 52 Week High

Nov 04, 2009 (Fresh Brewed Media via COMTEX News Network) -- Visa (NYSE: V) hit a new 52-Week high of $79.50 so far today. Currently the stock is up $1.61 (2.07%) to $79.26 on 2,823,579 shares traded. Today's high is up $37.48 from a 52-Week Low of $41.78. Visa stock has been showing support around $75.17 and resistance in the $78.91 range. Technical indicators for the stock are neutral and S&P gives V a neutral 3 STARS (out of 5) hold ranking. The stock set a new 52 week high today, and continues its recent strong upward momentum. Shares have been in a strong upward trend since February. If you are looking for a hedged play on V the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 60 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

(C) Copyright 2009, Fresh Brewed Media. All rights reserved.

SOURCE: FRESH BREWED MEDIA