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Fiserv Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Fiserv (NASDAQ:FISV) traded at a new 52-week high today of $111.51. This new high was reached on below average trading volume as 76,000 shares traded hands, while the average 30-day volume is approximately 976,000 shares.

Fiserv (NASDAQ:FISV) defies analysts with a current price ($111.37) 12.3% above its average consensus price target of $97.65. Fiserv shares have support at the 50-day moving average (MA) of $99.36 and additional support at the 200-day MA of $93.11.

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 $111.37, 45% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Fiserv, Inc. provides integrated information management and electronic commerce systems and services. The Company's solutions include transaction processing, electronic bill payment and presentment, business process outsourcing, document distribution services, and software and systems solutions.

SmarTrend recommended that subscribers consider buying shares of Fiserv on May 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.38. Since that recommendation, shares of Fiserv have risen 7.0%. We continue to monitor FISV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows fiserv

Ticker(s): FISV