Fidelity National Booked a New High

Published on Thursday, 18 October 2012 12:34 Written by TradersHuddle Wire

New York, October 18th (TradersHuddle.com) - Shares of Fidelity National Financial, Inc. (NYSE:FNF) booked a new 52 week high today by trading above $23.24, 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 -0.52% versus its previous trading session close, and it has calculated support and resistance at $20.71 and $22.96 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 higher by 0.14% from its previous trading close, which means that Fidelity National stock is underperforming the overall market.