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Look for Shares of Visa Inc-Class A to Potentially Pullback after Yesterday's 1.17% Rise

By James Quinn

Visa Inc-Class A (NYSE:V) traded in a range yesterday that spanned from a low of $196.32 to a high of $198.07. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $196.95 on volume of 2.1 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, Visa Inc-Class A share prices have been bracketed by a low of $133.30 and a high of $198.07 and are now at $198.22, 49% above that low price. The 200-day and 50-day moving averages have moved 0.34% higher and 0.53% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Visa Inc-Class A on October 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $178.65. Since that recommendation, shares of Visa Inc-Class A have risen 9.7%. 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