A key Rounding Bottom has formed on FIS. Analyze the breakout level now.
Gradual reversal from bearish to bullish.
Traders are watching Fidelity National Information Services (FIS) as price action tightens. The stock is trading at $41.51, up 3.67% on the day. Algorithmically, a Rounding Bottom structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $43.67, targeting $49.92 with support near $40.54 (R:R 2.0).
What is your outlook on FIS?