Visa (V)
The days of carrying a huge wad of bills are pretty much over. Why? Because pretty much everyone who's selling anything takes Visa these days. But remember: You'll look like a jerk if you try to pay for your ballpark hot dog with plastic.
Forecast Report Update: V Long and Short Plays Are Winners
03:06 PM Eastern Standard Time, 02/04/2010 (MidnightTrader) -- In last evening's Forecast Report, Visa (V) signaled a possible short play from 86.19 to the 85.75 area. On the long side, the 84.70 to 85 area looked attractive for some possible early buying.
Early Thursday, the stock traded up through our short target hitting a pre-market high of 87.40. Still, a sell at the top of our target range, at 86.19, as measured to the day low of 83, is 3.8% in the black.
From the long side, the pre-market low of 84.85 was square within our target. A buy there, as measured to the day high of 86.18, is 1.6% in the black.
Price: 83.92, Change: +0.40, Percent Change: +0.5
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Current price per share
Today's gain: $0.27 (0.29%)
