Friday, March 5, 2010

A Stock I Love (Follow up)

I featured Visa last month as A Stock I Love. Today it broke out of a cup with handle pattern. I would have been loading up on Visa Call Options today if Visa had fit the criterion for stocks I trade. Actually I was contemplating loading up on Visa Calls but right now that type of trade does not fit into my trading plan. Here is a look at the chart:

The yellow line indicates the trigger price level (roughly $88.00). If the markets continue this rally, Visa is most certainly going to be a lot higher.

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