Stock Of The Day: Is This The Bottom For Visa?

Visa Inc. (NYSE:V) is consolidating or trading sideways on Wednesday. But it may soon go into a new uptrend.As you can see on the chart, Visa is at a very well-defined support level. Some stocks head higher after they stop falling at support levels. This is why it is our Stock of the Day.Support is a price, or price range, in a market where there is a large amount of buy interest. It could be from institutional traders and investors or retail traders and investors. It is impossible to know, but the good thi ...