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Follow The Money Into Visa
New winners continue to be made in this market as leadership broadens beyond the technology names that carried much of the advance earlier this year, with Financial stocks steadily attracting more institutional interest. One name that has quietly emerged as a standout is Visa Inc. (V), which has transitioned from a bottoming pattern in late March and early April into a well-defined uptrend marked by a consistent series of higher highs and higher lows. More recently, the shares pushed through several important resistance levels, held those gains, and broke out to fresh 52-week highs, while the Chaikin Money Flow (CMF) indicator turned decisively positive. That combination suggests buying demand has remained persistent beneath the surface, with investors continuing to absorb available supply on pullbacks rather than allowing the trend to weaken. ...Read More
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Follow The Money Into Visa
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