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After Yesterday's Decline of 1.79%, Visa Inc-Class A Offers Investors Better Value

By James Quinn

Visa Inc-Class A (NYSE:V) traded in a range yesterday that spanned from a low of $133.49 to a high of $137.96. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $138.50 on volume of 6.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Visa Inc-Class A have traded between a low of $106.60 and a high of $151.56 and are now at $138.64, which is 30% 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 declined 0.3%.

SmarTrend is monitoring the recent change of momentum in Visa Inc-Class A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Visa Inc-Class A in search of a potential trend change.

Keywords: rebounders visa inc-class a

Ticker(s): V