Trade Idea: Visa Inc

NYSE: V

We have a clearly defined pivot level at the 21 Day Exponential Moving Average.

Above the pivot we want to be Long using out target levels ( T1-T3 ) to scale out.

Below the pivot we want to be Short using out target levels ( S1-S3 ) to scale out.

Pivot 200.15     21 Day Simple Moving Average

T1 203.31     T2 207.09     T3 209.24             

S1 198.82     S2 196.89     S3 193.82

Implied move $4.74

Trade: Equity

Or

Use Next weeks Options

Long 205c

Short 195p

Current Delta on both are .35

We will use roughly a $2 stop on the stock price ( depending on entry ) that would equal roughly .70 contract.

EDGE:  Moving Average Stack

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