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

By David Diaz

Fidelity National Information Services (NYSE:FIS) traded today at a new 52-week high of $51.57. Approximately 69,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

In the past 52 weeks, Fidelity National Information Services share prices have been bracketed by a low of $33.99 and a high of $51.57 and are now at $51.56, 52% above that low price. The 200-day and 50-day moving averages have moved 0.44% higher and 0.60% higher over the past week, respectively.

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.

Fidelity National Information Services (NYSE:FIS) has potential upside of 1.5% based on a current price of $51.56 and analysts' consensus price target of $52.32. The stock should discover initial support at its 50-day moving average (MA) of $49.00 and subsequent support at its 200-day MA of $44.86.

SmarTrend recommended that subscribers consider buying shares of Fidelity National Information Services on July 11th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.22. Since that recommendation, shares of Fidelity National Information Services have risen 12.9%. 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