Visa (V) trading outside the box
Stock: Visa (V)
Long or Short: Long
Entry: $182.15
Stop-Loss: $176.25
Chart: Visa (V) Daily Swing Trade Setup
Reason for Trade: Jumped into this trade earlier today, and bodes well for a continued break higher, and at least into the 190’s if this market can hold up. I also like that it has two very strong positives going for it – first it is bouncing off of the trend-line, and secondly it is breaking out of consolidation and possibly to new all-time highs.
I was a little bit concerned by the potential for a double top to be forming in this stock, but I think it has managed to have price go up high enough to negate the possible effects of one forming at this point.
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