Sunday, October 28, 2007

FIS Update for 10.28.2007

FIDELITY NATIONAL INFORMATION SERVICES INC. - FIS

Monthly chart shows support holding for now. No buy signal in place as of yet.

Weekly chart shows selling the last two weeks.

Daily chart shows that the buy signal and trade from October 7, 2007 fell just a little short of the projected target ... target was $49 area ... and high came in at $48.49. The move up is corrective in nature. Renewed selling occurred once the $48.49 high was made - look for continuation downside and a break of the $43.61 support.

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