Visa (V) is suffering badly in the market and it’s not exactly surprising why. With economic conditions imposing an unhelpful backdrop for the transaction processing services giant, Visa faces a sharp credibility challenge. Indeed, the Barchart Technical Opinion indicator rates V stock as a 100% Strong Sell, which carries the highest risk for the security continuing its downward trend in the short term.
So, within this context, the public money has been understandably skeptical. Since the beginning of the year, V stock lost more than 10%, which is historically a terrible performance. It’s unusual to see the security fall into the red for both January and February (thus far). However, what’s really interesting is that the smart money doesn’t seem particularly perturbed.
