V - Visa Inc.

[Stock_Analyzer]

Information about V can be found and shared in this thread:

V: Summary for VISA INC. - Yahoo! Finance

[Stock_Analyzer]

Earnings Preview: Visa to report 1st quarter as public co.
Friday April 25, 3:38 pm ET
Visa expected to report earnings for fiscal 2nd quarter, its 1st as publicly traded company


NEW YORK (AP) -- Visa Inc. reports fiscal second-quarter earnings on Monday. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW: In late March, the credit card processor owned by a consortium of banks went public in the largest ever initial public offering. Visa went public at a price of $44 per share -- above expectations -- raising nearly $18 billion.

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Visa is on track to continue to grow as credit and debit cards increasingly replace cash and checks. In 2007, Visa handled more than 44 billion transactions totaling more than $3.2 trillion.

BY THE NUMBERS: Analysts polled by Thomson Financial, on average, forecast earnings of 46 cents per share on revenue of $1.45 billion.

ANALYST TAKE: "With its dominant market share and strong product set, we expect Visa to continue to benefit from the ongoing worldwide shift from cash to plastic spending," Stifel Nicolaus & Co. analyst Chris Brendler wrote in a research note.

Visa's pricing structure and business volume enables it improve profitability dramatically while only minimally impacting customers, Brendler wrote in the note.

Brendler recently initiated coverage of Visa with a "Buy" rating and a price target of $77. Brendler anticipates earnings of $2 per share in 2008 and $2.75 in 2009.

WHAT'S AHEAD: Cowen & Co. analyst Moshe Katri recently began coverage of Visa with an "Outperform" rating and expects earnings per share to grow by 20 percent or more during the next two to three years.

"In our view, the company's growth prospects as well as its attractive business model stand out among its business service peers," Katri wrote in a research note. "Even in a slowing economy, we feel that Visa's prospects remain solid as about 41 percent of its calendar year 2007 payment volume was generated from nondiscretionary consumer spending."

STOCK PERFORMANCE: Shares of Visa went public on March 19. The quarter ended less than two weeks later. In that time, shares rose 42 percent from their initial price of $44. Shares have continued to climb through the first part of the company's fiscal third quarter.

[Stock_Analyzer]

Nice job here all, from our Sunday night email at 72$ range we closed today (tuesday) at 80.88. So far so good here with V

[Stock_Analyzer]

After a call of 70$ and hitting 88 89$ range yesterday, I think we are nearing a small pullback in the short term. Watch the market, if we start to go red for a day or two then I think we could see a pullback to low 80s or maybe high 70s. Overall though I still see V as a very strong Long term play.

[kc61]

Hello there, I have been in this one since the IPO and basically treating it as a long term investment rather than trading. Big mistake on my part as I kind of felt the sell off coming on Friday morning. In other words, I got real greedy on how quickly this one moves but still have a nice profit. Will be watching real closely this week. Good Luck

[Stock_Analyzer]

Welcome to the site!!!

I think V is a great long term play but I agree that friday was a sell IF you were looking to really maximize your profits....but overall I think you will be happy if you go long.

Originally Posted by kc61

Hello there, I have been in this one since the IPO and basically treating it as a long term investment rather than trading. Big mistake on my part as I kind of felt the sell off coming on Friday morning. In other words, I got real greedy on how quickly this one moves but still have a nice profit. Will be watching real closely this week. Good Luck

[Stock_Analyzer]

The daily MACD line showing possible move up coming again.....keep on radar here

Originally Posted by Stock_Analyzer

Information about V can be found and shared in this thread:

V: Summary for VISA INC. - Yahoo! Finance

[Naamplao]

Well there is not a lot of data here to discuss trends but I will give it a try.

Here is the only useful SharpChart I can dish up.

V - SharpCharts from StockCharts.com

The first thing to notice is that the RSI is falling out of the "OverBought" RSI...the excitement of the ipo issue is waning IMHO. There also appears to be profit taking too as shown in the Accum/Dist which looks to be falling below its 20dayMA.

The Bollingerbands are showing the first signs of narrowing since they were first measured by the peaking of their width differential. This indicates to me that there will be no dramatic moves in the near future.

Here is the P&F chart



There has been a nice rise but lately we have hit a wall at a closing price of $89 and fell to a support level of $83.00. Note there is a "High Pole Warning" at this time....not a good sign for the near future.

Here is the yahoo.com 5 day linechart



Well the volume is normal...the trend is down...The RSI is less than 50%

The BB's are tight but the share price is in the bottom half.

My prediction is that the stock will move down below the support level then level out and go sideways for a while. The buyers of the IPO are taking their profits...now the stock is seeking a normal level.

[worstinvestorEVER]

Starting to form an interesting chart.

[Stock_Analyzer]

up 10$ this week, seems to bounce from mid 70$ range to mid 80 or sometimes 90$ range tops.

Originally Posted by Stock_Analyzer

Information about V can be found and shared in this thread:

V: Summary for VISA INC. - Yahoo! Finance

DAILY CHART, will update at the END OF DAY ONLY



5 day chart, will update every 15 min during market hours

[Naamplao]

Well it has been a month since my last post on this stock and it seems I was 50/50 on my prediction.

At that time the support was $83 and I said it would drift through this and move sideways. Well it did a lot more than drift...it dropped to $76.50 then it rocketed back to $87.50 where it did go sideways for a while forming a pennant before going through another drop to $79.50.....So now what!!

Here is the sharpchart

V - SharpCharts from StockCharts.com

This chart is different from the one a month ago because the extra month now allows some of the indicators to appear on the scene and it is not pretty, I am afraid.

The RSI has come out of the clouds and is now less than 50%, the TRIX is definitely negative and the accum/dist is looking iffy compared to its 20Day MA.

The share price is seriously approaching its 50 dayMA in a negative way as well. The Bollinger bands are sort of tight for almost a month now...there is a movement coming...indications to me is that it will be down.

Here is the P&F chart



I have redrawn the box at $1.00 not $0.50 as in the last post since there is more data to work with now.

At this time of writing we are at $79.00 which is right now at its support level. This is also very close to the 50 dayMA....if it breaks through this point .....and I think it certainly is possible soon....then the next support level is at $77.00 followed by another support at between $69-$70. The resistance line is at $86 but I doubt this will be seen for a while.

Here is the 5 day Yahoo linechart



This chart show some resistance at $83.00 but every indicator shows negative to me.

I see this stock falling to $77.00....if it falls through this level then there will probably be a stronger fall to about $70.00

[Naamplao]

Well this stock is getting very interesting, 10 days later.

here is the Sharpchart again: V - SharpCharts from StockCharts.com

We are still crawling down that tunnel formed by the Bollinger bands. The BB's show little sign of tightening yet but that will come as I will point out when we look at the P&F chart.

We did not quite reach the $77.00 resistance as I predicted...we stopped the fall at $77.50 which was at the 50dayMA then bounced a lot faster than I expected to almost $85.00...just short of the predicted resistance line and has fallen back again.

The RSI has recovered from its downward drift and is over 50%, THE TRIX has not shown any sign yet of reversing its negative direction although it seems to be developing a less slope to the decline. The Accum/Dist is again above its 20dayMA showing accumulation of the stock....not a selloff.

Here is the P&F graph again



Do you see the pennant that has formed?

There is movement coming but probably one or two waves away. The share price is falling and rising fairly rapidly showing the competition between buyer and seller.

Primary support is at $80.00 with a secondary support at about $77.50. The Primary resistance is now at $85.00...these numbers are growing closer and closer together.

This narrowing is forming the pennant and at that apex (which will be confirmed when the BB's start to tighten) then we will know if there will be a bullish rise or bearish fall....it is hard to predict at this point...but the length of this BB tunnel indicates to me the strength of the coming movement will be quite strong.

Here is the 5 day Line chart



You can see the struggle between buyer and seller here. The $85.00 resistance is shown and there is downward pressure to the low $80's as well.

This is definitely a stock to watch for the near future.

[Naamplao]

Take a good look at those charts that I posted in the last post.

In the sharpChart the BB's are finally showing some signs of tightening....the major movement is pretty close now.

We are heading for that primary support level of $80.00 this is the 50dayMA and we have bounced off this line in the past and it might hold.

After that it is support at $77-78...this is stronger and may be stronger. The indicators are not showing a rebound as I see them though.

The major movement might be a rebound...but frankly I think it is going to be bearish...that is my prediction.

[Naamplao]

look at this action



Now look at the P&F chart



The share price is going from top to bottom and settling in the middle. Such competition for buyer and seller. Nothing changes on the P&F chart since we are only comparing the closing price here....but that is why we look at the 5 day chart to see what is going on.

The sharpChart: V - SharpCharts from StockCharts.com

Can you see the pennant in this chart??? A trend of the high points....then the trend line for the low points....makes a flag....tighter BB's

Movement will happen soon...cannot tell exactly which direction yet though the TRIX is so negative along with a flat-lined RSI at 50%

I am leaning to a down break.

[Naamplao]

Here is the Sharpchart: V - SharpCharts from StockCharts.com

There is still 2 hours to the trading day but I thought this is so interesting I would comment now.

See how the 50 day MA has been broken today....not a good sign for a bullish rebound if it closes here. The RSI is falling below 50% and no change to the TRIX and Accum/dist. Now look at the BB's they are showing signs of widening now....the movement has begun.

Look at the P&F chart below....wow! Classic pennant here and we are at the apex. We are also at the support line of $80 on the chart but the share price is just inches away from closing below $79 which would break the support.

Looks to me the price will be breaking down soon.

[Naamplao]

Ok ok...perhaps I am posting too frequently but it is interesting to watch this situation unfold. Usually I see the results of a pennant or the start of one.....but this is a work in progress.

Look at the P&F chart below. The pennant is about as sharp as it is going to get before the movement that I expect is coming. The competition between buyer and seller is narrowing and soon one will win over the other. It is possible for the winners to be bulls but then the stock would have to rise above $85.00 for that to be clear. It is more probable as I see the conditions for the bears to win...the stock would have to fall below $78.00 for that to happen. We are at $79 currently and with the look at the SharpChart...I'd say the bears will win.

Tomorrow will tell....or soon anyway as we could move up and down in even tighter circles

[Naamplao]

well this amazing battle between buyer and seller is not over. here is the 5 day line chart from Yahoo



*****************************
The stock refused to spike bearish on Friday.
****************************

Here is the P&F chart again



You can see in this chart the final support is at $78.00 The share price did reach this point on Thursday briefly but rebounded strongly back to about $82. You can see this is exactly the mid-point of the apex of this pennant.

Looking at the SharpChart again V - SharpCharts from StockCharts.com

There is a strong rise in the Accum/Dist from the last day's trading indicating accumulation of the stock during the rise in price, the Bollinger Bands did not continue to expand but rather they narrowed marginally again...the RSI is stronger at over 50% and we recrossed the 50dayMA

The Bulls are not giving up without a fight

Will the Bears regain their strength and force the price down again? Will the Bulls continue this march to beyond the resistance level of $84.00? Not easy to predict right now...but which ever resistance or support level is broken....this will be a trend for a while.

Tune in next week for the next round in this fight.

[Naamplao]

Well the competition continues....Neither the bull nor bear wants to give up.

Here is the SharpChart: V - SharpCharts from StockCharts.com

What has changed in this chart???....it has not been the share price range. Check out the P&F chart below this post....it hasn't changed at all. The share price has been wandering in a very narrow range...at the apex of the the pennant of the the P&F chart.

Look at the 5 day Linechart from Yahoo. Amazing...the price was driven to the support level of $80 but the price has rebounded to the middle again and frankly today it shows that it will probably continue to rise on July 3....but whether it crashes through $84 remains to be seen.

Now let us look at the SharpChart and answer the question as to what has changed with the chart.

The first thing that jumps out is the look of the Accum/Dist chart....it is strongly positive. The investors are buying....not selling...there is accumulation going on.....good stuff.

The TRIX is still showing very negative and the RSI has not increased much over 50% but then it hasn't retreated negative either.

The final thing to look at is the Bollinger bands....they are definitely converging now....not a little bit....They are converging to the same point that has not been seen since the jump in price back in April!!! This says to me that the price jump is looming very close now. It is too close to call as to the direction of the price movement as the competition between buyer/seller is far from decided.

This is the time to sit on the fence if you are waiting to buy, or if you own the stock you must decide if you want to wait for the movement to make your decision to sell, buy more or hold.

The share price direction at the point at which the BB's diverge will be a significant one....In my opinion anyway. This price struggle has been too intense for it to be otherwise.

[Naamplao]

Ok....the Bears win....Bulls lose.

As predicted for several posts earlier the stock has finally turned bearish. This time there will be no turn around for a while. Quite a battle though and the Bulls did not give up easily...and as pointed out there was a point where the tide could have gone either way.

Look at the SharpChart: V - SharpCharts from StockCharts.com

The Bollinger Bands are definitely starting their expansion. The TRIXS is strongly negative and heading below zero. The RSI is much less than 50% and heading for 30% and the Accum/Dist which was one of the few positives for the bulls has crested and starting its fall to its 20dayMA. The 50dayMA of the share price has been solidly breached weeks ago

So....how far does it fall....good question?

Here is the P&F chart



The first support level is at $69 with another following it at $65. The P&F chart itself predicts $67 so I think it safe to say that we should expect it to get close to these levels. If we break through both supports then it probably would get ugly.

I would not expect a rapid turn around in price....that is too wishfull thinking. This was a bloody battle...an exciting one to watch, I hope you'd agree. but the Bears won decisively today. At best I would see a negative drift in price. At worst I see a continued plunge to the support levels... in either case there will be lots of sideways movement until this stock turns bullish again.

The 5 day Yahoo line chart offers little hop for a turn around



I hope you enjoyed this discourse and found this discussion useful in making your decisions

[flyerboy59]

If that stock hits 70, i think i gotta buy more!!!!!