$FIS Oversold at Support, Bullish Options Activity$FIS Fidelity National Information Services - finding support at the 200d ema line this week after recent down move. Expecting to see a bounce from this level near term. Note - earnings coming up at the end of October.
Unusual Bullish Options Activity Today
$4.1M of $145.00 strike (OTM) Jan'21 calls traded (14x open interest)
Near term target - $150.00 by early Nov / $157.50 possible by mid-Nov
Note: This is NOT investment advice.
FIS
Could the FIS share continue to rise? If So, Lets "Buy"US technology services shares rose strongly despite the demonstrations and protests in The United States of America.
FIDELITY NATL INFORMATION SERVICE, known as FIS, stands for a strong bullish rally based on the bottom side of the ascending channel And it was able to form a wide triangle that it broke through.
Any return to price at 140, which represents the upper side of the expanding triangle, is a strong opportunity to buy towards the upper side of the ascending channel at price 150
FIS BREAKOUT TO THE MOON QUICK AND FAST PLAYWant a quick and fast play? Take a look at this sweet setup. Im saying its gonna head towards $81 - $82. Combined with the high open interest for jan 20 calls, I see a potential for a move higher to be in the cards. Get in if you want or don't, I dont care what you do. However, get some SPY puts while your at it since the market is not looking good so far.