Visa Inc. (V) seems to be hiking the fees it charges merchants and the stock looks like it is vulnerable to a decline. Have traders and investors anticipated this corporate move and begun selling the stock?
Let's check out the charts and indicators of this payment giant.
In the daily bar chart of V, below, we can see that the shares briefly pushed up to a new high in late August/early September. This looks like a possible "bull trap" as prices quickly retreated and have been on the defensive. V is trading below the 50-day moving average line and not all that far above the rising 200-day line.