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SmarTrend Watching for Potential Pullback in Shares of Visa Inc-Class A After 2.27% Gain

By Amy Schwartz

Visa Inc-Class A (NYSE:V) traded in a range yesterday that spanned from a low of $177.00 to a high of $179.20. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $175.99 on volume of 2.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Visa Inc-Class A has traded in a range of $121.60 to $187.05 and is now at $178.85, 47% above that low. The 200-day and 50-day moving averages have moved 0.59% higher and 0.33% lower over the past week, respectively.

Keywords: rebounders visa inc-class a

Ticker(s): V