OptionsPlay DailyPlay

Bullish – FIS $110.89 – Technology

The bullish DailyPlay we chose for Monday, April 22nd is Fidelity National (FIS). FIS is part of the Technology Sector (XLK). XLK has rallied 6.24% higher over the past month and its 1m and 6m trend turned bullish on March 11th and just set a new 52 week high.

Fidelity National’s 6m trends turned bullish on Feb 10th and recently broke above its $110 resistance level which now becomes support. With a technical score of 7 (out of 10), FIS is a strong stock that will likely continue higher.

As a stop loss, if FIS was to trade below $110 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
View FIS Trade

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