Subscribers to 7 Stocks You Need to Know, TradingMarkets.com’s most popular and longest-running swing trading column read this last Wednesday evening.
“Visa’s 7 out of 10 rating puts the stock at the upper end of our “neutral” category, and with any significant follow-through selling, the stock could see a ratings upgrade into our “consider buying” territory before the end of the week. Visa has closed lower for four days in a row, the most recent finish in oversold territory above the 200-day.”
Shares of Visa closed higher by nearly 2% one day later. Four days later, the stock was trading at new, all-time highs, up more than 4% since we highlighted the stock in 7 Stocks You Need to Know.
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David Penn is Editor in Chief of TradingMarkets.com