Look for Shares of Fidelity National Information Services to Potentially Rebound after Yesterday's 1.39% Sell Off
Fidelity National Information Services (NYSE:FIS) traded in a range yesterday that spanned from a low of $74.85 to a high of $76.36. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $75.76 on volume of 855,000 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 $81.67 and are now at $75.12, 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.
SmarTrend is tracking the current trend status for Fidelity National Information Services and will alert subscribers who have FIS in their portfolio or watchlist when shares have changed trend direction.
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