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

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Fiserv (NASDAQ:FISV) based on the price action in the company's shares. Today's price range of $104.60 and $105.76 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. Traders and investors interested in shares of Fiserv may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

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.

Fiserv (NASDAQ:FISV) is currently priced 7.1% 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.

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 $105.16, 36% 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.

SmarTrend is monitoring the recent change of momentum in Fiserv. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fiserv in search of a potential trend change.

Keywords: bullish inside day candle fiserv

Ticker(s): FISV