Fidelity National (FIS) – Bullish DailyPlay for Friday Nov 30th, 2018
The bullish DailyPlay we chose for Friday, Nov 30th is Fidelity National (FIS). FIS is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.58% move lower and its 1m and 6m trend have turned bearish yesterday but has recently started to print higher highs, suggesting a bottom.
Fidelity National’s 1m and 6m trends turned bullish on 11/28 and recently broke above its $105 resistance level, which now becomes support. With a technical score of 8 (out of 10), FIS is a strong stock that will likely continue higher.
As a stop loss, if FIS was to trade below $105 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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