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Berger: Visa looks set for a strong finish to 2016

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Serge Berger is looking to buy stock in US credit card company Visa, which has risen more than 20% this year. He believes Visa may see a strong finish to 2016 after US financials rallied after better than expected US jobs data on Friday.

Berger, also known as the Steady Trader, says he expects a year-end rally for financials stocks and Friday’s price action may be the beginning of that. Berger says he prefers Visa over other stocks due to the fact that it has been trending higher in straight line all year. He is looking to buy the stock at USD 80 with a stop at USD 78 and a target of USD 84.