• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing

Heads Up: Something Has Changed With Fidelity National's Charts

Be cautious about new long positions.
By BRUCE KAMICH
Sep 24, 2019 | 01:56 PM EDT
Stocks quotes in this article: FIS

During the fast-paced ' Lightning Round' of the popular Mad Money program Monday night, one caller asked Jim Cramer about Fidelity National Information Services ( FIS) : "This is a fantastic fintech. This is a great situation and no one is talking about it," said Cramer.
 
The company helps financial institutions and their clients conduct transactions through its range of software and services. The name is new to me so let's pay a visit to the charts.
 
In this daily bar chart of FIS, below, we can see that prices have risen strongly so far this year but there has been a shift in the past two months. FIS rallied from late December with only shallow corrections but the indicators showed some warning signs in early August. Prices pulled back about $10 on very heavy trading volume to retest the rising 50-day moving average line.
 
The On-Balance-Volume (OBV) line made a sharp decline telling us that sellers were very aggressive. The OBV line has not recovered.
 
The Moving Average Convergence Divergence (MACD) oscillator turned down at the end of July and is now below the zero line.
 
 
In this weekly bar chart of FIS, below, we can see a mixed picture. Prices are still in a long-term uptrend and above the rising 40-week moving average line.
 
The weekly OBV line shows a peak in July and then sideways movement suggesting a shift from aggressive buying.
 
The weekly MACD oscillator has crossed to the downside for a take profits sell signal.
 
 
 
In this Point and Figure chart of FIS, below, we can see that the software has projected a downside price target of $119.
 
 
Bottom line strategy: Something has changed over the past two months that tells me to be cautious about new long positions.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Investing | Stocks | Technical Analysis | Trading | Fintech | Mad Money

More from Investing

AbbVie's Correction Appears to Be Over: Here's Where the Stock Could Be Headed

Bruce Kamich
May 26, 2022 2:19 PM EDT

Should you be a buyer?

Why I Would Be a Buyer of United Microelectronics

Bruce Kamich
May 26, 2022 1:14 PM EDT

Take a look at this chipmaker's charts.

Investing in Fantasyland Will Only Earn You Fantasies

Jim Collins
May 26, 2022 12:25 PM EDT

Here are the areas I'm buying, and here and the areas of which I'm turning away in disgust.

How I'm Approaching Stocks and Bonds After the Fed Minutes

Peter Tchir
May 26, 2022 12:19 PM EDT

I see three key takeaways from Wednesday's FOMC release.

The Charts Map a Route to Phillips 66

Bruce Kamich
May 26, 2022 11:42 AM EDT

Shares of PSX have made an upside breakout, so investors can step on the gas.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:33 AM EDT PETER TCHIR

    Thoughts Ahead of the Fed Minutes

    Recent economic and earnings issues are convincing...
  • 02:24 PM EDT PAUL PRICE

    An Interesting Chart

    I'm betting heavily that stocks will be way up aga...
  • 10:10 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    "Market Timing for Dummies"
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login