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After Yesterday's Rally of 1.43% Shares Could Potentially Pullback

By David Diaz

Visa Inc-Class A (NYSE:V) traded in a range yesterday that spanned from a low of $121.51 to a high of $122.71. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $122.47 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Visa Inc-Class A have traded between a low of $73.25 and a high of $126.88 and are now at $122.48, which is 67% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

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: rebounders visa inc-class a

Ticker(s): V