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Visa (V) Breaks Through Resistance at $94.49

By James Quinn

Visa (NYSE:V) has opened bullishly above the pivot of $94.12 today and has reached the first level of resistance at $94.49. Analysts will be watching for a cross of the next upside pivot targets of $94.82 and $95.52.

In the past 52 weeks, shares of Visa have traded between the current low of $0.00 and a high of $96.60 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

There is potential upside of 0.0% for shares of Visa based on a current price of $0.00 and an average consensus analyst price target of $98.06. The stock should run into initial resistance at its 200-day moving average (MA) of $74.77 and subsequent resistance at its 50-day MA of $75.94.

SmarTrend recommended that subscribers consider buying shares of Visa on January 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.88. Since that recommendation, shares of Visa have risen 16.4%. We continue to monitor V for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Visa

Ticker(s): V