This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Trades Getting Ready to Pop This Week


A breakout in shares of Visa (V - Get Report) is sparking a buy signal for the world's incumbent payment network. Visa broke its uptrend back in mid-February, sending a red flag for traders who've been enjoying the 22% rally shares have made in the last six months. But instead of breaking down, Visa consolidated sideways in a pattern called a rectangle.

>> Must-Own Dividend Stocks for 2013

A rectangle pattern is basically a trend channel (like the one in Sanofi) turned horizontally; it's formed by a horizontal resistance level above shares and a horizontal support level below them. Rectangles are common after large market moves because they give investors a chance to catch their breath before deciding whether to continue building their position or take gains. Yesterday's breakout means that Visa shareholders have opted to do the latter.

The push above resistance in Visa is a buy signal. If you're looking to put in a position in V, today's a good day to be a buyer. The 50-day moving average has been a stellar proxy for support for the last six months, so unless you're buying Visa here for fundamental reasons, the 50-day is the ideal place to put a protective stop.
4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
CMCSA $60.76 0.00%
JPM $63.20 0.00%
MA $96.99 0.00%
SNY $41.10 0.00%
V $77.24 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs