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Fidelity National Information Services (FIS) Crosses Pivot Point Resistance at $39.22

Published on Thu, 03/28/2013 - 12:45
By Mallory Stone

Fidelity National Information Services (NYSE:FIS) has opened bullishly above the pivot of $38.96 today and has reached the first level of resistance at $39.22. Investors may be interested in a cross of the next upside pivot targets of $39.42 and $39.88.

Fidelity National Information Services has overhead space with shares priced $39.28, or 2.8% below the average consensus analyst price target of $40.43. The stock should discover initial support at its 50-day moving average (MA) of $37.58 and subsequent support at its 200-day MA of $34.38.

Over the past year, Fidelity National Information Services has traded in a range of $30.46 to $39.32 and is now at $39.28, 29% above that low. The 200-day and 50-day moving averages have moved 0.30% higher and 0.31% higher over the past week, respectively.

FIS is the world?s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 33,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is ranked 426 on the Fortune 500, is a member of Standard & Poor?s 500 Index and consistently holds a leading ranking in the annual FinTech 100 list.

By Mallory Stone
mstone@fnno.com