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Watch for Continued Losses in Shares of Visa Inc-Class A (V)

By Amy Schwartz

Visa Inc-Class A (NYSE:V) traded today at a new 52-week low of $139.02. So far today approximately 1.8 million shares have been exchanged, as compared to an average 30-day volume of 13 million shares.

Visa Inc. operates a retail electronic payments network and manages global financial services. The Company also offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.

Visa Inc-Class A has overhead space with shares priced $140.64, or 1.4% below the average consensus analyst price target of $142.61. Visa Inc-Class A shares should first meet resistance at the 200-day moving average (MA) of $182.09 and find additional resistance at the 50-day MA of $192.50.

Visa Inc-Class A share prices have moved between a 52-week high of $214.17 and the current low of $139.02 and are currently at $140.64 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Visa Inc-Class A on March 6th, 2020 by issuing a Downtrend alert when the shares were trading at $182.99. Since that call, shares of Visa Inc-Class A have fallen 19.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows visa inc-class a

Ticker(s): V