Look for Shares of Fidelity National Information Services to Potentially Rebound after Yesterday's 1.27% Sell Off
Fidelity National Information Services (NYSE:FIS) traded in a range yesterday that spanned from a low of $72.47 to a high of $73.64. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $72.90 on volume of 675,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend recommended that subscribers consider buying shares of Fidelity National Information Services on March 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.13. Since that recommendation, shares of Fidelity National Information Services have risen 18.7%. We continue to monitor FIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Fidelity National Information Services share prices have moved between a 52-week high of $75.80 and a 52-week low of $55.11 and are now trading 32% above that low price at $72.77 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 0.2%.
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