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Shares of Visa Rise to a New 52-Week High

By David Diaz

Visa (NYSE:V) traded at a new 52-week high today of $96.33. Approximately 992,000 shares have changed hands today, as compared to an average 30-day volume of 8.2 million shares.

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.

Visa share prices have moved between a 52-week high of $96.33 and a 52-week low of $60.00 and are now trading 60% above that low price at $96.28 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

Potential upside of 1.9% exists for Visa, based on a current level of $96.28 and analysts' average consensus price target of $98.06. The stock should find initial support at its 50-day moving average (MA) of $75.94 and further support at its 200-day MA of $74.77.

SmarTrend recommended that subscribers consider buying shares of Visa on January 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.88. Since that recommendation, shares of Visa have risen 18.9%. 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

Ticker(s): V