Nov. 14 at 11:44 PM
$FIS is currently trading at
$64.24, below both the 30-day moving average (MA30) of
$65.98 and the 50-day moving average (MA50) of
$66.03, indicating a bearish trend. The RSI at 41.12 suggests that the stock is nearing oversold territory, but it has not yet reached a reversal point. The recent price action is within the 60-day high of
$71.9 and low of
$59.51, providing a range for potential movement.
Given the current metrics, a cautious approach is warranted. Suggested entry is at
$63.50, just below the last close, to capitalize on potential short-term rebounds. Set a stop-loss at
$62.00 to limit downside risk. Target 1 is
$66.00, aligning with the MA30, and Target 2 is
$67.50, slightly below the MA50.
This plan accounts for the current bearish sentiment while allowing for a possible upward correction.
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