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Bearish Moving Average Cross by Fiserv (FISV)

By Nick Russo

Today, shares of Fiserv (NASDAQ:FISV) have fallen below their 10-day MA of $99.88 on a volume of 211K 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, Fiserv share prices have been bracketed by a low of $77.07 and a high of $111.51 and are now at $99.69, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Fiserv on August 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $104.93. Since that call, shares of Fiserv have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses fiserv

Ticker(s): FISV