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

By David Diaz

Visa (NYSE:V) traded at a new 52-week high today of $81.80. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 8.2 million shares.

In the past 52 weeks, Visa share prices have been bracketed by a low of $60.00 and a high of $81.80 and are now at $81.75, 36% 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%.

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.

Visa has overhead space with shares priced $81.75, or 4.4% below the average consensus analyst price target of $85.50. The stock should find initial support at its 50-day moving average (MA) of $75.94 and further support at its 200-day MA of $74.77.

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

Keywords: 52 week high/lows Visa

Ticker(s): V