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Visa Inc-Class A Crosses Below its 10-day MA (V)

By Amy Schwartz

Visa Inc-Class A (NYSE:V) crossed under its 10-day moving average of $140.59 on a volume of 1.9 million 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.

Over the past year, Visa Inc-Class A has traded in a range of $98.51 to $143.14 and is now at $138.35, 40% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.7%.

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