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Fiserv: The Winning Streak Continues (FISV)

By Nick Russo

Shares of Fiserv (NASDAQ:FISV) traded at a new 52-week high today of $110.70. So far today approximately 137,000 shares have been exchanged, as compared to an average 30-day volume of 976,000 shares.

Over the past year, Fiserv has traded in a range of $77.07 to $110.70 and is now at $110.19, 43% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Based on a current price of $110.19, Fiserv is currently 11.4% above its average consensus analyst 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.

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 6.1%. 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