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Look for Shares of Visa Inc-Class A to Potentially Rebound after Yesterday's 1.16% Sell Off

By David Diaz

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.

Visa Inc-Class A share prices have moved between a 52-week high of $104.20 and a 52-week low of $73.25 and are now trading 40% above that low price at $102.77 per share. The 200-day and 50-day moving averages have moved 0.16% higher and 0.57% higher over the past week, respectively.

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