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Shares of Visa Inc-Class A Rise to a New 52-Week High

By Amy Schwartz

Visa Inc-Class A (NYSE:V) traded at a new 52-week high today of $183.85. Approximately 1.1 million shares have changed hands today, as compared to an average 30-day volume of 6.5 million shares.

Over the past year, Visa Inc-Class A has traded in a range of $121.60 to $183.85 and is now at $183.01, 51% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

Visa Inc-Class A (NYSE:V) is currently priced 22.1% above its average consensus analyst price target of $142.61. The stock should find initial support at its 50-day moving average (MA) of $171.04 and further support at its 200-day MA of $151.26.

Visa Inc. operates a retail electronic payments network and manages global financial services. The Company also offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.

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 38.5%. We continue to monitor V for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows visa inc-class a

Ticker(s): V