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Watch for Fidelity National Information Services to Potentially Rebound After Falling 1.10% Yesterday

By Shiri Gupta

Fidelity National Information Services (NYSE:FIS) traded in a range yesterday that spanned from a low of $80.54 to a high of $81.92. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $81.75 on volume of 774,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Fidelity National Information Services on November 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.34. Since that recommendation, shares of Fidelity National Information Services have risen 4.5%. We continue to monitor FIS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Fidelity National Information Services share prices have been bracketed by a low of $55.11 and a high of $83.86 and are now at $80.93, 47% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

Keywords: rebounders fidelity national information services

Ticker(s): FIS