The worldwide leader in technology for global payments may upturn from now.

The company shows strong fundamentals as the recent fiscal release for the Q2 2014 attested. Indeed, quarterly sales increased 26 percent for $1.6 billion, or $2.52 per share. Payments volume growth advanced 8% for the same period. Foremost, yearly sales are expected to rise by more than 8% in the current fiscal year as margins get higher. Furthermore, the stock benefits from upward revisions in terms of EPS, where $9 per share for 2014 and $10.4 per share for the next year. The consensus among analysts remains buyer on Visa.

Technical patterns are encouraging. The stock recently fell 4.5% after the credit-card company reported a yearly revenue miss last April 24th. Nowadays, with the rising trend line already tested the equity renewed its ambitions and supported by the 50-week moving average should now rise close to the USD 233 resistance. This target will be attained by means of a breakout through the USD 212 midterm resistance and further exceed of the pivot point. In favorable conditions for a growing sector shares of the payments giant are more likely to jump than to fall.

According to both technical and fundamental analysis, the timing seems suitable for a long position taking above USD 196. The bullish trend should allow the security to reach the USD 233 resistance. A stop loss will be placed below the entry point at USD 189.7.