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Visa Bearish Moving Average Crossover Alert (V)

By Shiri Gupta

Visa (NYSE:V) crossed under its 10-day moving average of $82.03 on a volume of 1.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Visa have traded between a low of $60.00 and a high of $83.63 and are now at $81.91, which is 37% above that low price. 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%.

SmarTrend recommended that subscribers consider buying shares of Visa on July 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.25. Since that recommendation, shares of Visa have risen 4.7%. We continue to monitor V for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Visa

Ticker(s): V