V
Intraday Fundamentals
• 03:57 AM EDT, 10/25/2019 (MT Newswires) -- Visa (V) posted better-than-expected results for its fiscal fourth quarter after markets closed on Thursday as the payments company reported double-digit growth in processed transactions and increases in payments and cross-border volumes.
• The San Francisco-based company reported revenue of $6.14 billion in the three months ended Sept. 30, up 13% from the corresponding quarter of the prior year and ahead of the Street's projection of $6.08 billion
• The results were bolstered by a 9% increase in payments volume, a 7% jump in cross-border volume and an 11% rise in processed transactions.
Technicals
ADV 7.34 M RVOL 1.04 ATR 3.36 BETA .94 Short 1.68% Inst Own.
Daily
Hourly
Intraday
Trading Strategy
• LONG BIAS
• Expect profit taking, it has been doing this already and may flush at the open be patient take a small lot and set up for a trade to hold if possible
Reading the Tape
I did not read the tape until it started to falter as the remainder hit 4 to1. I decided not to give any back.
Trade Management
Trade Review
• Good momentum trade not much more here as far as profit maybe another long as it retested 178
• Best trade would have been the opening small long to try and hold. I made the decision to focus on another stock and stay out of the first ten minutes of the market.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-10-25 10:06:25 | PYPL | buy | $106.329 | long |
2019-10-25 10:06:52 | PYPL | sell | $106.328 | 0 |
2019-10-25 10:50:11 | PYPL | buy | $107.230 | long |
2019-10-25 10:50:19 | PYPL | sell | $107.196 | 0 |
2019-10-25 10:53:09 | PYPL | buy | $106.972 | long |
2019-10-25 10:53:28 | PYPL | sell | $107.033 | long |
2019-10-25 10:54:07 | PYPL | sell | $106.935 | 0 |
2019-10-25 10:57:16 | PYPL | buy | $106.856 | long |
2019-10-25 10:57:16 | PYPL | buy | $106.856 | long |
2019-10-25 10:58:06 | PYPL | sell | $106.850 | 0 |
2019-10-25 11:03:29 | PYPL | buy | $106.780 | long |
2019-10-25 11:03:43 | PYPL | sell | $106.735 | 0 |
2019-10-25 11:04:47 | PYPL | buy | $106.850 | long |
2019-10-25 11:04:59 | PYPL | sell | $106.972 | 0 |
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