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Vet67to82 (< 20)

Yeah! Thank you VISA and Mark to market!

Recs

137

April 29, 2009 – Comments (1) | RELATED TICKERS: BAC , V , FAS

The market agrees with me today:

gs $124.28 3.61
trv $42.41 1.49
bk $26.05 1.12
jpm $33.83 1.04
ms $22.12 1.04
wfc $20.47 0.99
usb $18.36 0.68
FAS $8.13 0.68
bac $8.7199 0.57
TMF $51.35 0.56
TYO $63.39 0.41
XLF $10.80 0.37
TYD $56.40 0.00
TMV $68.67 -0.77
FAZ $8.41 -0.85

  The fact that Visa's plan is a benefit to EVERY bank on the pricing of the restricted Visa Class C shares they hold, whether they petition to sell them or not.  Yeah! Thank you Visa and Mark to market!

  Visa (NYSE: V) opened at $61.89. So far today, the stock has hit a low of $61.51 and a high of $62.46. V is now trading at $61.99, up $1.28 (2.11%). Over the last 52 weeks the stock has ranged from a low of $41.78 to a high of $89.84. Shares of V are rising this morning ahead of the company's first-quarter earnings report this afternoon. Analysts are looking for the company to earn 64 cents per share on revenue of $1.6 billion.  Visa 10 day / 15 minute chart  .... Moving Average Price Compare

No current signals

Moving Averages

No current signals

Bollinger Bands

V is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

Stochastics

The Stochastic Oscillator is registering a bearish signal as the %K line has crossed under the %D and the oscillator recently crossed below the critical value of 80, moving from its overbought condition.

On Balance Volume

The On Balance Volume indicator (OBV) presently offers a bullish signal. This is because the slope of the indicator is positive and shows that there is considerable buying interest.

Price Channel

V has been relatively stable recently. This is evidenced by the width of its price channel which is tighter than is normal due to the low volatility. Additionally, V is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 5 minute period.

For more info see also:  

  Banks needing capital and Visa comes through

 

1 Comments – Post Your Own

#1) On April 29, 2009 at 11:47 AM, EHoyle80 (< 20) wrote:

According to the Stock Research Portal, the softening of the mark-to-market rule may have fooled the equity exchanges short-term, but this will not last. “Ultimately, however, Mr. Market will price stocks based on free cash flow and solid ‘properly valued asset’ balance sheets, not based on highly subjective decisions made within the accounting reporting rules of the time.”

Via Stock Research Portal

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