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Look for Shares of Fiserv Inc to Potentially Rebound after Yesterday's 3.40% Sell Off

By James Quinn

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.

Over the past year, Fiserv Inc has traded in a range of $68.45 to $107.06 and is now at $102.17, 49% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.3%.

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