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Look for Shares of Visa Inc-Class A to Potentially Pullback after Yesterday's 1.39% Rise

By Nick Russo

Visa Inc-Class A (NYSE:V) traded in a range yesterday that spanned from a low of $208.01 to a high of $209.36. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $208.15 on volume of 2.7 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 $140.45 and a high of $210.13 and are now at $210.39, which is 50% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.

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