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Recent 52-Week High Exceeded in Shares of Fidelity National Information Services (FIS)

By Amy Schwartz

Fidelity National Information Services (NYSE:FIS) traded at a new 52-week high today of $72.29. This new high was reached on below average trading volume as 999,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Based on a current price of $72.09, Fidelity National Information Services is currently 5.2% above its average consensus analyst price target of $68.33. The stock should find initial support at its 50-day moving average (MA) of $64.53 and further support at its 200-day MA of $63.97.

Fidelity National Information Services share prices have moved between a 52-week high of $72.29 and a 52-week low of $51.38 and are now trading 40% above that low price at $72.09 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

FIS is the world?s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 33,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is ranked 426 on the Fortune 500, is a member of Standard & Poor?s 500 Index and consistently holds a leading ranking in the annual FinTech 100 list.

SmarTrend recommended that subscribers consider buying shares of Fidelity National Information Services on July 31st, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.63. Since that recommendation, shares of Fidelity National Information Services have risen 9.5%. We continue to monitor FIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows fidelity national information services

Ticker(s): FIS