FlashPointTrading

V Top of Rising Channel

NYSE:V   VISA INC
Visa touched the top of a Rising LT             Channel and price is currently 20% above the 250 Exponential Moving Average suggesting it may be overbought.
Current Price: 100.17
Initial Target: $96
Stop Loss: $101.72
Perceived risk/reward: 1:2.69
Comment: After braking through our stop of $101.72 a couple of weeks ago, V continues to defy gravity. FlashPoint Trading will continue to monitor this parabolic move for an ending pattern.
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