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Bearish Moving Average Cross by Fidelity National Financial (FNF)

By Shiri Gupta

Today, shares of Fidelity National Financial (NYSE:FNF) have crossed bearishly below their 10-day moving average of $40.87 on a volume of 390K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Fidelity National Financial share prices have moved between a 52-week high of $42.00 and a 52-week low of $28.24 and are now trading 44% above that low price at $40.74 per share. The 200-day and 50-day moving averages have moved 0.32% lower and 0.04% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Fidelity National Financial on December 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.52. Since that recommendation, shares of Fidelity National Financial have risen 19.3%. 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

Ticker(s): FNF