Time for VISA dip buyer?
The financial company VISA is entering into a strong time of year where it tends to see seasonal gains. Over the last 12 years, VISA has risen 10 times between March 22 and July 27. The average return over the last 12 years has been +13.83%. The maximum profit was +45.31% last year in 2020. There have been 2 losses in the last 12 years with the largest being -13.64% in 2010.
Visa’s shares fall on the news last week of a US Justice Department investigation. However, is any dip lower a perfect time to see VISA gains on global recovery hopes?
Trade Risks: There is a risk that investors consider equity markets overbought and that could see a correction. It is hard to know when that correction will come, but investors need to be aware of the potential risk.