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Visa Inc-Class A Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Visa Inc-Class A (NYSE:V) traded today at $161.10, breaking its 52-week high. This new high was reached on below average trading volume as 195,000 shares traded hands, while the average 30-day volume is approximately 8.4 million shares.

Visa Inc-Class A (NYSE:V) defies analysts with a current price ($159.14) 10.4% above its average consensus price target of $142.61. The stock should find initial support at its 50-day moving average (MA) of $151.62 and further support at its 200-day MA of $142.70.

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.

In the past 52 weeks, Visa Inc-Class A share prices have been bracketed by a low of $119.37 and a high of $161.10 and are now at $159.14, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.4%.

SmarTrend is tracking the current trend status for Visa Inc-Class A and will alert subscribers who have V in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows visa inc-class a

Ticker(s): V