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Bearish Moving Average Cross by Visa Inc-Class A (V)

By Amy Schwartz

Visa Inc-Class A (NYSE:V) shares have crossed bearishly below their 10-day moving average of $130.45 on a volume of 934K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Visa Inc-Class A share prices have moved between a 52-week high of $132.50 and a 52-week low of $73.25 and are now trading 78% above that low price at $130.32 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Visa Inc-Class A on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $122.28. Since that recommendation, shares of Visa Inc-Class A have risen 7.0%. We continue to monitor V for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses visa inc-class a

Ticker(s): V