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Shares of Fiserv Rise to a New 52-Week High

By Amy Schwartz

Shares of Fiserv (NASDAQ:FISV) traded today at $123.17, breaking its 52-week high. This new high was reached on below average trading volume as 75,000 shares traded hands, while the average 30-day volume is approximately 976,000 shares.

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) defies analysts with a current price ($122.70) 8.4% above its average consensus price target of $112.45. 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.

Over the past year, Fiserv has traded in a range of $77.07 to $123.17 and is now at $122.70, 59% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Fiserv on November 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.46. Since that recommendation, shares of Fiserv have risen 19.4%. 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