Visa Challenging 52-Week Highs (V, MA)

Posted in pre-market 
October 12th, 2009

Visa, Inc. (NYSE: V) is surging on what is still light volume after the stock’s rating was raised to Outperform at Credit Suisse in a call that was ditto with Mastercard (NYSE: MA).  Visa is a lower-priced stock and more active.  We have shares up only about 8,000 shares but the stock is at $74.50 versus a 52-week trading range of $74.99 from September 23.  Average volume is over 5 million shares, so watch out for that old 52-week high.  The highest closing bell price seen recently was $74.41, so that would be the first hurdle to watch out for.  -JON C. OGG

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