Bearish Moving Average Cross by Fidelity National Financial (FNF)
Today, shares of Fidelity National Financial (NYSE:FNF) have crossed bearishly below their 10-day moving average of $37.80 on a volume of 205K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Fidelity National Financial have traded between a low of $28.24 and a high of $40.25 and are now at $37.50, which is 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Fidelity National Financial on February 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.81. Since that recommendation, shares of Fidelity National Financial have risen 15.6%. We continue to monitor FNF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses fidelity national financial