TMCnet News
Watch for Visa to Potentially Pullback After Gaining 1.26% YesterdayFeb 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- Visa (NYSE:V) traded in a range yesterday that spanned from a low of $156.69 to a high of $159.58. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $158.79 on volume of 2.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. SmarTrend recommended that subscribers consider buying shares of Visa on June 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $121.05. Since that recommendation, shares of Visa have risen 30.1%. We continue to monitor V for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. In the past 52 weeks, shares of Visa have traded between a low of $111.94 and a high of $162.77 and are now at $159.44, which is 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |