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Watch for Continued Gains in Shares of Visa Inc-Class A (V)

By Nick Russo

Visa Inc-Class A (NYSE:V) traded at a new 52-week high today of $147.93. Approximately 956,000 shares have changed hands today, as compared to an average 30-day volume of 6.9 million shares.

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.

Over the past year, Visa Inc-Class A has traded in a range of $102.75 to $147.93 and is now at $147.71, 44% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

Visa Inc-Class A (NYSE:V) is currently priced 3.5% above its average consensus analyst price target of $142.61. The stock should find initial support at its 50-day moving average (MA) of $140.84 and further support at its 200-day MA of $127.49.

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 19.9%. We continue to monitor V for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): V