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

By James Quinn

Today, shares of Visa Inc-Class A (NYSE:V) have advanced above their 10-day MA of $162.47 on a volume of 263K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Visa Inc-Class A share prices have been bracketed by a low of $121.60 and a high of $165.74 and are now at $162.96, 34% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Visa Inc-Class A on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $132.36. Since that recommendation, shares of Visa Inc-Class A have risen 21.5%. 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