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SmarTrend Watching for Potential Pullback in Shares of Fiserv Inc After 4.65% Gain

By Nick Russo

Fiserv Inc (NASDAQ:FISV) traded in a range yesterday that spanned from a low of $90.50 to a high of $96.06. Yesterday, the shares gained 4.6%, which took the trading range above the 3-day high of $88.90 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 Fiserv Inc have traded between a low of $73.50 and a high of $125.05 and are now at $95.36, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Fiserv Inc on February 25th, 2020 by issuing a Downtrend alert when the shares were trading at $115.17. Since that call, shares of Fiserv Inc have fallen 20.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders fiserv inc

Ticker(s): FISV