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SmarTrend Watching for Potential Pullback in Shares of Fidelity Nationa After 1.24% Gain

By James Quinn

Fidelity Nationa (NYSE:FIS) traded in a range yesterday that spanned from a low of $107.87 to a high of $109.12. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $108.40 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Fidelity Nationa have traded between a low of $93.71 and a high of $110.83 and are now at $109.12, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Fidelity Nationa on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.51. Since that recommendation, shares of Fidelity Nationa have risen 5.1%. We continue to monitor FIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders fidelity nationa

Ticker(s): FIS