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Watch for Shares of Visa Inc-Class A (V) to Approach Resistance at $123.11

By Nick Russo

Shares of Visa Inc-Class A (NYSE:V) have bullishly opened above the pivot of $121.29 today and have reached the first resistance level of $121.93. Analysts will be watching for a cross of the next upside pivot targets of $123.11 and $124.93.

Visa Inc-Class A share prices have moved between a 52-week high of $126.88 and a 52-week low of $73.25 and are now trading 66% above that low price at $121.82 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

Visa Inc-Class A (NYSE:V) has potential upside of 15.5% based on a current price of $121.82 and analysts' consensus price target of $140.72. The stock should discover initial support at its 50-day moving average (MA) of $75.94 and subsequent support at its 200-day MA of $74.77.

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: pivot alerts visa inc-class a

Ticker(s): V