A 52 Week High for Fidelity National, will it Hold?

Published on Friday, 20 January 2012 12:34 Written by Christopher Lynn

New York, January 20th (TradersHuddle.com) - Shares of Fidelity National Financial, Inc. (NYSE:FNF) booked a new 52 week high today by trading above $17.5, traders are definitely monitoring Fidelity National's price action to see if this move attracts further buying into the stock.

Fidelity National Financial, Inc. (NYSE:FNF) provides title insurance and escrow and other title-related products and services. Its operations are conducted on a direct basis through its own employees who act as title and escrow agents and through independent agents.

Fidelity National is currently trading 0.74% versus its previous trading session close, and it has calculated support and resistance at $15.19 and $16.60 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.21% from its previous trading close, which means that Fidelity National stock is outperforming the overall market.