These are some of the support levels I found listed online. (NASDAQ)
1.57, 1.52, 1.48, 127
In the last two earnings reports share buybacks were reported at two of the support levels, 148 and 127. V’s share price stayed at these levels for a good period of time. The 154 to 157 range seems to be one of those levels that V’s share price seems to be digging in at.
It will be interesting to see how many shares, if any, are repurchased in this range/level.
I would think the repurchase will be closer to 154 – 155 then 157…again IF ANY.
This is just my opinion but I think if you don’t see it in the next few weeks you may not see it all. Once we get to the end of the month earnings season starts. The banks are up first and they usually have a nice story to tell about their credit card business. Once that happens analysts start to raise price targets and I think well be leaving this range.
So good luck with the dip and as always I can be completely wrong