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High Tight Bull Flag Forms in Financial Services Name in Strong Trend

by | Nov 13, 2024

Fidelity National (FIS) shares of the financial services stock are rebounding from the rising 55 day MA the past week and closed strong at highs on Wednesday in a choppy market as it now is back over its 8 day EMA and looks ready to run up to the monthly value high of 91.50 as a first target while a larger breakout can target the 94 level which is a VPOC from late 2022. FIS has had a strong year up more than 48% YTD and likely can continue that into year end as winners in the financial sector stay top names to own.

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