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Visa Inc-Class A (V) Approaches New Upside Target of $148.58

By James Quinn

Visa Inc-Class A (NYSE:V) has opened bullishly above the pivot of $147.60 today and has reached the first level of resistance at $148.10. Analysts will be watching for a cross of the next upside pivot targets of $148.58 and $149.56.

Over the past year, Visa Inc-Class A has traded in a range of $102.75 to $148.15 and is now at $148.11, 44% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

Visa Inc-Class A (NYSE:V) defies analysts with a current price ($148.11) 3.7% above its average consensus price target of $142.61. Visa Inc-Class A shares have support at the 50-day moving average (MA) of $141.16 and additional support at the 200-day MA of $127.66.

SmarTrend recommended that subscribers consider buying shares of Visa Inc-Class A on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $122.28. Since that recommendation, shares of Visa Inc-Class A have risen 20.7%. 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