Visa shares hit a fresh all-time high on Tuesday, company introduces Visa Loyalty Solutions platform in Latin America and the Caribbean

Visa Inc (V) said on Tuesday that it had launched Visa Loyalty Solutions in Latin America and the Caribbean. It represents an omnichannel digital points redemption platform accessible to all issuing banks in the region and also offers users a multitude of redemption options.

Visa shares closed higher for a fourth consecutive trading session in New York on Tuesday. The stock went up 0.86% ($1.17) to $136.69, after touching an intraday high at $137.33 and also a fresh all-time high.

Shares of Visa Inc have risen 19.88% so far in 2018 compared with a 4.50% gain for the underlying index, S&P 500 (SPX).

In 2017, Visa Inc’s stock gained 46.14%, thus, it again outperformed the S&P 500, which registered a 19.42% return.

The new digital platform encompasses user-friendly mobile app, web portal, chat and voice, which facilitates faster and easier redemption of points and customer service for cardholders and banks across Latin America and the Caribbean.

Visa Loyalty Solutions allows cardholders to redeem points and take advantage of preferential deals at over 285 000 hotels, a wide range of airlines as well as car rental companies.

The platform also provides users with flexibility to either use their points or combine them with their cards in order to finalize a particular purchase.

“Visa Loyalty Solutions offers a seamless and flexible digital experience that adds value for consumers, participating businesses and issuers, and can be easily adapted to each of our bank partners loyalty strategies”, Ricardo Tafur, Vice President of Consumer Products for Visa Latin America and the Caribbean, was quoted as saying in the companys press release.

“We are committed to innovate in order to provide the best consumer experience”, Tafur added.

According to CNN Money, the 32 analysts, offering 12-month forecasts regarding Visa Inc’s stock price, have a median target of $145.00, with a high estimate of $169.00 and a low estimate of $129.00. The median estimate represents a 6.08% upside compared to the closing price of $136.69 on July 10th.

The same media also reported that 28 out of 36 surveyed investment analysts had rated Visa Inc’s stock as “Buy”, while 4 – as “Hold”.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, today’s levels of importance for Visa Incs stock are presented as follows:

R1 – $136.87
R2 – $137.05
R3 (Range Resistance – Sell) – $137.24
R4 (Long Breakout) – $137.78
R5 (Breakout Target 1) – $138.42
R6 (Breakout Target 2) – $138.70

S1 – $136.51
S2 – $136.33
S3 (Range Support – Buy) – $136.14
S4 (Short Breakout) – $135.60
S5 (Breakout Target 1) – $134.96
S6 (Breakout Target 2) – $134.68

By using the traditional method of calculation, the weekly levels of importance for Visa Inc (V) are presented as follows:

Central Pivot Point – $133.17
R1 – $135.20
R2 – $136.30
R3 – $138.33
R4 – $140.35

S1 – $132.07
S2 – $130.04
S3 – $128.94
S4 – $127.83