Visa stock surges as quarterly results top expectations

Visa (V.US) stock jumped 8% during today's session after the payments giant posted better than expected quarterly results. Company earned $1.81 per share beating analysts’ estimates of $1.70. It also reported revenue that beat estimates and topped $7 billion for the first time thanks to higher travel spending and continued growth in the e-commerce sector.

Visa (V.US) stock launched today’s session with a bullish price gap and broke above the downward trendline. Currently price is testing key resistance at $224.20 which coincides with 23.6% Fibonacci retracement of the upward wave launched in March 2020 and 200 SMA (red line). Source: xStation5

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