Long Position on V @ $184.00 on 2/27/2020 (Momentum)

Visa Inc. (V) operates as a payments technology company worldwide.

The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities.

It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

In addition, the company offers card products, as well as value-added services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brands.

Shares have pulled back along with the rest of the market. Shares closed at their 100-day moving average. This level should act as a trendline support.

On January 30th,  the company reported 1st Quarter December 2019 earnings of $1.46 per share on revenue of $6.1 billion. The consensus earnings estimate was $1.46 per share on revenue of $6.1 billion. Revenue grew 10.0% on a year-over-year basis.

The company said it continues to expect fiscal 2020 earnings growth in the mid-teens, or earnings of approximately $6.26 per share, and low double-digit revenue growth, or revenue of more than $25.3 billion. The current consensus earnings estimate is $6.19 per share on revenue of $25.4 billion for the year ending September 30, 2020.

Entry Point: $184.00

Trading Range: $144.50 to $214.17

Stop Loss: $175.00

Target Price: $202.00

Updates

5/18/2020 9:39:10 AM

V closed at $190

Position closed on 5/18/2020 at price of $190.00 with a 3.26% gain in 81 days.

Back to Portfolio