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Upgrade Alert for Fiserv (FISV)

By Shiri Gupta

Fiserv (NASDAQ:FISV) was upgraded from Hold to Buy at Argus Research today. The stock closed yesterday at $103.62 on volume of 1.4 million shares, above average daily volume of 976,000.

Over the past year, Fiserv has traded in a range of $77.07 to $103.53 and closed yesterday at $103.62, 34% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Fiserv (NASDAQ:FISV) defies analysts with a current price ($103.62) 5.8% above its average consensus price target of $97.65. The stock should find initial support at its 50-day moving average (MA) of $99.36 and further support at its 200-day MA of $93.11.

Fiserv, Inc. provides integrated information management and electronic commerce systems and services. The Company's solutions include transaction processing, electronic bill payment and presentment, business process outsourcing, document distribution services, and software and systems solutions.

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

Keywords: analyst upgrades/downgrades fiserv

Ticker(s): FISV