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Shares of Fiserv Has Risen Above Previous 52-Week High

By James Quinn

Fiserv (NASDAQ:FISV) traded at a new 52-week high today of $107.17. So far today approximately 67,000 shares have been exchanged, as compared to an average 30-day volume of 976,000 shares.

In the past 52 weeks, Fiserv share prices have been bracketed by a low of $77.07 and a high of $107.17 and are now at $107.17, 39% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.12% higher over the past week, respectively.

Fiserv (NASDAQ:FISV) is currently priced 8.9% above its average consensus analyst price target of $97.65. The stock should find initial support at its 50-day moving average (MA) of $99.36 and further support at its 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 3.1%. 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