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SmarTrend Watching for Potential Rebound in Shares of Visa Inc-Class A After 2.56% Loss

By Shiri Gupta

Visa Inc-Class A (NYSE:V) traded in a range yesterday that spanned from a low of $173.22 to a high of $176.76. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $174.57 on volume of 3.1 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 $184.07 and a 52-week low of $121.60 and are now trading 42% above that low price at $173.22 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.4%.

SmarTrend is monitoring the recent change of momentum in Visa Inc-Class A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Visa Inc-Class A in search of a potential trend change.

Keywords: rebounders visa inc-class a

Ticker(s): V