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SmarTrend Watching for Potential Pullback in Shares of Visa Inc-Class A After 1.31% Gain

By Shiri Gupta

Visa Inc-Class A (NYSE:V) traded in a range yesterday that spanned from a low of $154.25 to a high of $156.22. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $154.53 on volume of 4.8 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 $116.03 and a high of $156.22 and are now at $156.22, 35% 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%.

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: rebounders visa inc-class a

Ticker(s): V