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Fiserv Inc Set to Possibly Rebound After Yesterday's Selloff of 3.40%

By Amy Schwartz

Fiserv Inc (NASDAQ:FISV) traded in a range yesterday that spanned from a low of $102.13 to a high of $104.80. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $103.52 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Fiserv Inc share prices have moved between a 52-week high of $107.06 and a 52-week low of $68.45 and are now trading 49% above that low price at $102.17 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 0.5%.

SmarTrend recommended that subscribers consider buying shares of Fiserv Inc on May 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.39. Since that recommendation, shares of Fiserv Inc have risen 19.7%. 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