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Fidelity National Information Services Set to Possibly Rebound After Yesterday's Selloff of 1.10%

By Nick Russo

Fidelity National Information Services (NYSE:FIS) traded in a range yesterday that spanned from a low of $80.54 to a high of $81.92. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $81.75 on volume of 774,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Fidelity National Information Services share prices have been bracketed by a low of $55.11 and a high of $83.86 and are now at $80.93, 47% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 1.34% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Fidelity National Information Services on November 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.34. Since that recommendation, shares of Fidelity National Information Services have risen 4.5%. We continue to monitor FIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders fidelity national information services

Ticker(s): FIS