Shares of Visa Inc. (V) are extending their ongoing opening highs. The stock has advanced almost 2 percent so far into the session, printing a new 2.5 month high at $75.66 with approx. 1.2 million shares trading hands. Year-to-date [YTD], the San Francisco, Calif. – based Visa has a negative 52 week change of 0.56 percent. The stock trades approx. 5.6 % above its 50-day MA of $71.63, and more than 5.4% below its 200 day MA of $80.05. Note that the 200-day EMA is directly overhead, at $76.05, approx. 0.51 percent below the stock’s current pps. Look for this moving average to climb to confirm the ticker’s upward momentum.
Having said that, it’s worth pointing out that the ticker’s Relative Strength Index now rests at 64.07 – not quite in overbought terrain – suggesting there is more room for the stock to print the tape at a higher pps. However, once RSI gets above the 70 level, then a slight pullback may be in the cards.
From a key ratio perspective Visa’s YTD profit and operating margins currently stand at 34.57% and 55.00%, respectively. The co.’s trailing 12 revs are at $7.8 billion. $5.3 billlion in total cash vs. $47 million in total debt. V shares, which are based on good financial conditions, trade at a trailing 12 P/E of 20.39, a forward P/E of 16.01, and a price/earnings ratio of 0.96.
At last check, Visa shares were up $2.23 to $76.50, a gain of 3.03%.