Wait for Visa Stock to Fall Below $200 Before Buying It



a close up of a sign: several Visa (V) branded credit cards


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several Visa (V) branded credit cards

Visa (NYSE:V) stock has quickly remade the ground it lost due to the novel-coronavirus pandemic. Shares of the multinational financial-services firm are now up almost 9% in 2020, despite the shares falling to as low as $133.93 per share in March. Bulls who bought Visa stock at that point are now laughing their way to the bank.



a close up of a sign: several Visa (V) branded credit cards


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several Visa (V) branded credit cards

Considering the stock is still trading at a discount to its 52-week high of $217.35, many are wondering if the shares can climb further.

Visa Is Still Facing Adversity

Covid-19 is still very much a reality. This crisis is not expected to end until early next year. And Visa’s transaction volumes will probably not recover to pre-pandemic levels for awhile.

So the fact that the shares are now trading north

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