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Possible Bearish Inside Day Candle Pattern Detected for Fiserv Inc (NASDAQ:FISV)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Fiserv Inc (NASDAQ:FISV) based on the price action in the company's shares. Today's price range of $86.55 and $86.55 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Fiserv Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Fiserv Inc (NASDAQ:FISV) defies analysts with a current price ($86.55) 13.7% above its average consensus price target of $74.68. The stock should find initial support at its 50-day moving average (MA) of $86.11 and further support at its 200-day MA of $80.12.

In the past 52 weeks, Fiserv Inc share prices have been bracketed by a low of $68.43 and a high of $91.19 and are now at $86.55, 26% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.07% higher over the past week, respectively.

Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

SmarTrend is tracking the current trend status for Fiserv Inc and will alert subscribers who have FISV in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle fiserv inc

Ticker(s): FISV