Fidelity’s Bullish Trend Stays Tried and True
Yesterday, we looked at a Daily Price Chart for Topbuild Corp. and noted that the stock has been trading in a clear pattern of higher highs and higher lows for a whole year.
Today’s Chart of the Day is a 10-Month Simple Moving Average chart for Fidelity National Financial, Inc. (NYSE: FNF).
Fidelity National Financial, Inc., provides various insurance products in the United States — including title insurance, escrow, trust activities, trustee sales guarantees, and more.
Now, below is a 10-Month SMA chart for FNF.
Back in March, the Fidelity Natonal Financial 1-Month moving-average line crossed above the 10-Month SMA, indicating FNF is on a PowerTrend ‘buy’ signal (circled).
And I’m sure you know what happened next…
Prices ratcheted even higher, nearly doubling from where they were last December.
If you had purchased FNF shares when the PowerTrend ‘buy’ signal occurred for the stock back in March, when the stock was around $36.55, you’d be up 28.3% by now.
Not too shabby for a seven-month hold of a major insurance company…
Now, as you can see, the 1-Month moving-average is still above the 10-month SMA. That means the bullish trend is still in play!
As long as the 1-Month Price line remains above the 10-month SMA line, the stock is more likely to keep trading at new highs in the coming days and weeks.
We’ll be keeping our eye on this stock as it continues to trend upward, so we’ll know that moment the market conditions shift, and the stock begins to come back down.
Best Regards,
Chuck Hughes
Editor, Chart Of The Day
The post Fidelity’s Bullish Trend Stays Tried and True appeared first on Laissez Faire.
Source: http://freedombunker.com/2019/11/13/fidelitys-bullish-trend-stays-tried-and-true/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).