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After Yesterday's Decline of 1.16%, Visa Inc-Class A Offers Investors Better Value

By Nick Russo

Visa Inc-Class A (NYSE:V) traded in a range yesterday that spanned from a low of $102.68 to a high of $103.46. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $103.03 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Visa Inc-Class A has traded in a range of $73.25 to $104.20 and is now at $102.77, 40% above that low. 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: rebounders visa inc-class a

Ticker(s): V