• Return to Headlines

Visa (V) Breaks Through Support at $90.06

By Amy Schwartz

Shares of Visa (NYSE:V) have bearishly opened below the pivot of $90.35 today and have reached the first support level of $90.06. Should the shares continue to fall, the support pivots of $89.89 and $89.43 will be of interest.

In the past 52 weeks, shares of Visa have traded between a low of $60.00 and a high of $90.63 and are now at $89.98, which is 50% above that low price. The 200-day and 50-day moving averages have moved 0.16% higher and 0.57% higher over the past week, respectively.

There is potential upside of 9.0% for shares of Visa based on a current price of $89.98 and an average consensus analyst price target of $98.06. Visa shares have support at the 50-day moving average (MA) of $75.94 and additional support at the 200-day MA of $74.77.

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 11.6%. 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