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Visa Inc-Class A Bearish Moving Average Crossover Alert (V)

By Amy Schwartz

Visa Inc-Class A (NYSE:V) crossed under its 10-day moving average of $139.97 on a volume of 908K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Visa Inc-Class A share prices have been bracketed by a low of $100.75 and a high of $143.14 and are now at $139.58, 39% above that low price. The 200-day and 50-day moving averages have moved 0.38% higher and 0.38% higher over the past week, respectively.

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 15.1%. 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