Visa (V) Offering Possible 28.37% Return Over the Next 29 Calendar Days

Visa’s most recent trend suggests a bullish bias. One trading opportunity on Visa is a Bull Put Spread using a strike $200.00 short put and a strike $190.00 long put offers a potential 28.37% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $2.21 would be kept by the premium seller. The risk of $7.79 would be incurred if the stock dropped below the $190.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Visa is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Visa is bullish.

The RSI indicator is at 46.94 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Visa

Visa (V) Gains But Lags Market: What You Should Know
Tue, 15 Sep 2020 21:45:09 +0000
Visa (V) closed the most recent trading day at $205.39, moving +0.2% from the previous trading session.

Apple Ends Barclays Credit-Card Partnership Ahead of New Devices
Tue, 15 Sep 2020 15:00:11 +0000
(Bloomberg) — Apple Inc. on Tuesday ended its longtime card partnership with Barclays Plc, a move designed to focus attention on its own Apple Card product-financing plans.Customers will no longer have the option to apply for the credit card in retail stores or via the company’s website starting Tuesday, the Cupertino, California-based technology giant told retail employees in a memo. Apple will be announcing its plans for two new Apple Watch models and a new iPad Air on Tuesday. Apple told staff that existing cardholders can keeping using the card as a normal credit card.The Barclaycard Financing Visa deal allowed customers to purchase Apple products at no interest for different amounts of time depending on how much they spent. For example, if a user spent less than $499 on an Apple purchase, they would get six months of no interest payments. If they spent more than $999, they would get the deal for 18 months.A Barclays representative didn’t have any immediate comment, and Apple didn’t immediately respond to a request for comment.Barclays counts airlines such as JetBlue Airways Corp. and American Airlines Group Inc. among its biggest U.S. partners. The bank has seen spending on its cards slow as consumers abandoned travel plans during the coronavirus pandemic. Earlier this summer, the bank also temporarily stopped taking new applications for its co-brand credit card with Uber Technologies Inc.For Apple’s part, it will instead point users to its recently launched Apple Card Monthly Installments plan, which lets Apple Card holders in the U.S. avoid interest payments for six, 12 or 24 months, depending on which Apple device is purchased.Apple chose Goldman Sachs Group Inc. as its bank partner to launch the Apple Card in the U.S. in August 2019, and the partnership with Barclays started winding down then. That same month, Apple and Barclays ended its rewards program, which gave users three points per dollar spent on Apple purchases as well as gift-card bonuses.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

American Express, Boeing share gains contribute to Dow’s nearly 275-point climb
Mon, 14 Sep 2020 19:15:00 +0000
DOW UPDATE Buoyed by strong returns for shares of American Express and Boeing, the Dow Jones Industrial Average is climbing Monday afternoon. Shares of American Express (AXP) and Boeing (BA) are contributing to the blue-chip gauge’s intraday rally, as the Dow (DJIA) is trading 272 points higher (1.

Dow’s nearly 350-point rally highlighted by gains for shares of American Express, Microsoft
Mon, 14 Sep 2020 14:46:00 +0000
The Dow Jones Industrial Average is rallying Monday morning with shares of American Express and Microsoft delivering strong returns for the price-weighted average. Shares of American Express (AXP) and Microsoft (MSFT) have contributed to the blue-chip gauge’s intraday rally, as the Dow (DJIA) is trading 348 points, or 1.3%, higher. American Express’s shares are up $3.09 (3.0%) while those of Microsoft are up $4.69, or 2.3%, combining for a roughly 51-point boost for the Dow.

Dow jumps nearly 225 points on gains in shares of Apple Inc., American Express
Mon, 14 Sep 2020 13:46:00 +0000
DOW UPDATE Powered by strong returns for shares of Apple Inc. and American Express, the Dow Jones Industrial Average is up Monday morning. The Dow (DJIA) was most recently trading 224 points (0.8%) higher, as shares of Apple Inc.

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