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Fiserv Inc Set to Possibly Pullback After Yesterday's Rally of 1.80%

By Nick Russo

Fiserv Inc (NASDAQ:FISV) traded in a range yesterday that spanned from a low of $86.07 to a high of $87.05. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $87.00 on volume of 3.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Fiserv Inc share prices have moved between a 52-week high of $87.22 and a 52-week low of $68.43 and are now trading 27% above that low price at $87.04 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Fiserv Inc on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.62. Since that recommendation, shares of Fiserv Inc have risen 14.6%. We continue to monitor FISV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders fiserv inc

Ticker(s): FISV