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Visa Inc-Class A (V) Crosses Pivot Point Resistance at $135.34

By Shiri Gupta

Shares of Visa Inc-Class A (NYSE:V) opened today above their pivot of $134.83 and have already reached the first level of resistance at $135.34. Should the shares continue to rise, the resistance pivots of $136.29 and $137.75 will be of interest.

Visa Inc-Class A share prices have moved between a 52-week high of $136.58 and a 52-week low of $92.80 and are now trading 46% above that low price at $135.52 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

There is potential upside of 5.2% for shares of Visa Inc-Class A based on a current price of $135.52 and an average consensus analyst price target of $142.61. Visa Inc-Class A shares have support at the 50-day moving average (MA) of $127.86 and additional support at the 200-day MA of $117.45.

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 9.9%. 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