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

By Nick Russo

Visa Inc-Class A (NYSE:V) crossed under its 10-day moving average of $103.57 on a volume of 1.2 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 Inc-Class A have traded between a low of $73.25 and a high of $104.20 and are now at $103.17, which is 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Visa Inc-Class A 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 Inc-Class A have risen 28.5%. 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