High Tight Bull Flag Forms in Relative Strength Credit Card Leader
Visa (V) shares of the credit card giant are showing excellent relative strength continuing as a it forms a high tight bull flag and closed strongly green Tuesday with a engulfing candle while the broad market pulled back. Visa has a great trend that can breakout above monthly value near 313 and likely push into 325 going into year end. The options in this name are often cheap since it’s a lower beta financial but still has the recent buyers of 1000 May $310 calls in open interest from last month.