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Watch for Continued Gains in Shares of Fidelity National Financial (FNF)

By Shiri Gupta

Fidelity National Financial (NYSE:FNF) traded today at a new 52-week high of $43.82. So far today approximately 574,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

Fidelity National Financial, Inc. provides title insurance and escrow and other title-related products and services arising from the real estate closing process. The Company's operations are conducted on a direct basis through its own employees who act as title and escrow agents and through independent agents.

Based on a current price of $43.81, Fidelity National Financial is currently 2.2% above its average consensus analyst price target of $42.83. The stock should find initial support at its 200-day moving average (MA) of $34.60 and further support at its 50-day MA of $32.69.

In the past 52 weeks, shares of Fidelity National Financial have traded between a low of $28.24 and a high of $43.82 and are now at $43.81, which is 55% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Fidelity National Financial on December 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.52. Since that recommendation, shares of Fidelity National Financial have risen 26.2%. We continue to monitor FNF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows fidelity national financial

Ticker(s): FNF