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Visa Inc-Class A Set to Possibly Pullback After Yesterday's Rally of 1.39%

By Nick Russo

Visa Inc-Class A (NYSE:V) traded in a range yesterday that spanned from a low of $208.01 to a high of $209.36. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $208.15 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Visa Inc-Class A share prices have moved between a 52-week high of $210.13 and a 52-week low of $140.45 and are now trading 50% above that low price at $210.39 per share. The 200-day and 50-day moving averages have moved 0.48% higher and 0.95% higher over the past week, respectively.

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.

Keywords: rebounders visa inc-class a

Ticker(s): V