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Bullish Moving Average Cross by Fidelity National Information Services (FIS)

By Nick Russo

Today, shares of Fidelity National Information Services (NYSE:FIS) have crossed bullishly above their 10-day moving average of $79.55 on a volume of 162K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Fidelity National Information Services has traded in a range of $55.11 to $81.41 and is now at $79.73, 45% above that low. The 200-day and 50-day moving averages have moved 0.18% higher and 1.34% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Fidelity National Information Services on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.59. Since that recommendation, shares of Fidelity National Information Services have risen 4.9%. We continue to monitor FIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses fidelity national information services

Ticker(s): FIS