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Next Resistance Level for Visa Inc-Class A (V) is $155.18

By Shiri Gupta

Shares of Visa Inc-Class A (NYSE:V) have bullishly opened above the pivot of $154.20 today and have reached the first resistance level of $154.86. Analysts will be watching for a cross of the next upside pivot targets of $155.18 and $156.16.

In the past 52 weeks, shares of Visa Inc-Class A have traded between a low of $116.03 and a high of $154.69 and are now at $154.44, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.3%.

Visa Inc-Class A (NYSE:V) is currently priced 7.7% above its average consensus analyst price target of $142.61. The stock should find initial support at its 50-day moving average (MA) of $141.80 and further support at its 200-day MA of $139.76.

SmarTrend recommended that subscribers consider buying shares of Visa Inc-Class A on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $132.36. Since that recommendation, shares of Visa Inc-Class A have risen 16.5%. We continue to monitor V for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts visa inc-class a

Ticker(s): V