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Look for Shares of Fidelity National Information Services to Potentially Rebound after Yesterday's 1.57% Sell Off

By David Diaz

Fidelity National Information Services (NYSE:FIS) traded in a range yesterday that spanned from a low of $84.98 to a high of $86.63. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $86.02 on volume of 894,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Fidelity National Information Services has traded in a range of $55.11 to $87.32 and is now at $85.22, 55% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Fidelity National Information Services on April 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $82.13. Since that recommendation, shares of Fidelity National Information Services have risen 5.4%. 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