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SmarTrend Watching for Potential Pullback in Shares of Fiserv Inc After 1.30% Gain

By Amy Schwartz

Fiserv Inc (NASDAQ:FISV) traded in a range yesterday that spanned from a low of $75.93 to a high of $76.98. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $76.76 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Fiserv Inc has traded in a range of $68.43 to $148.91 and is now at $76.67, 12% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Fiserv Inc and will alert subscribers who have FISV in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders fiserv inc

Ticker(s): FISV