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Watch for Visa Inc-Class A to Potentially Rebound After Falling 1.32% Yesterday

By Amy Schwartz

Visa Inc-Class A (NYSE:V) traded in a range yesterday that spanned from a low of $177.32 to a high of $181.09. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $179.37 on volume of 3.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Visa Inc-Class Ahas traded in a range of $0.00 to $214.17 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

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: rebounders visa inc-class a

Ticker(s): V