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Watch for Continued Gains in Shares of Fidelity Nationa (FIS)

By Nick Russo

Shares of Fidelity Nationa (NYSE:FIS) traded at a new 52-week high today of $107.31. This new high was reached on below average trading volume as 94,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

Potential upside of 3.8% exists for Fidelity Nationa, based on a current level of $107.27 and analysts' average consensus price target of $111.31. Fidelity Nationa shares have support at the 50-day moving average (MA) of $100.61 and additional support at the 200-day MA of $96.73.

Fidelity Nationa share prices have moved between a 52-week high of $107.31 and a 52-week low of $83.36 and are now trading 29% above that low price at $107.27 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

Fidelity National Information Services, Inc. is a payment services provider. The Company provides credit and debit card processing, electronic banking services, check risk management, check cashing, and merchant card processing services to financial institutions and merchants.

SmarTrend recommended that subscribers consider buying shares of Fidelity Nationa on May 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.12. Since that recommendation, shares of Fidelity Nationa have risen 8.1%. 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 nationa

Ticker(s): FIS