Visa And Mastercard Soar On Swipe Fee Increase

This afternoon, Visa Inc.V, and Mastercard Inc.MA are soaring higher after the Federal Reserve raised the cap on debit card swipe fees to 0.21 cents to 0.12 cents. Traders should watch for intra-day resistance on MA stock around the $308.25 level. The intra-day resistance level on Visa stock should be around the $86.70, and $91.00 levels. Nicholas Santiago InTheMoneyStocks.com