Visa, Inc. (V) is setting up as a possible short-sale is the general market rolls over here, even if for only a short-term pullback. We would use the 200-day moving average or the high of yesterday as our rough guide for the stock. This also is a potential peak in a right shoulder. More later on the macro-formation at work here. This is a short, as we see it using at least yesterday's high as your stop, or tighter if you prefer to run them in a such a manner as Gil likes to.
SSS - Visa, Inc. (V) Short-Sale at 200-dma
|Published:||22 Oct 2010 14:26 ET|
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