Reference Points for Fidelity National

Published on Tuesday, 13 December 2011 19:04 Written by Christian Paolinetti

New York, December 13th (TradersHuddle.com) - Shares of Fidelity National Information Services, Inc. (NYSE:FIS) closed the trading day at $25.23 close to its 50 day moving average currently set at $25.08. Fidelity's price action is just above this important support level translating into a trading opportunity.

Fidelity National Information Services, Inc. (NYSE:FIS) is a payment services provider. The Company provides credit and debit card processing, electronic banking services, check risk management, check cashing, and merchant card processing services to financial institutions and merchants.

Looking at peaks and troughs horizontal support and resistance levels, we can see current calculated support at $22.53 and calculated resistance at $25.99. These levels should also be evaluated by traders when planning their trades, as they provide an insight into the latest price action.

Traders wanting to establish a position on Fidelity National will be looking at the price action for evidence of buying near the 50 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other key levels that might affect their upside or downside.