Swing Options Tips (FISV) – March 21, 2023
Our bearish trade for Tuesday, March 21st is Fiserv, Inc. (FISV). FISV is part of the Technology Sector, which has performed at 1.37% over the last month, with FISV underperforming relative to its sector at -4.43% over the same period.
FISV had a sharp retracement from a new high and is currently trading above its 55 Day EMA, which we expect to act as a resistance level. The next support is at around $109 and then $103.
As a stop loss, if FISV were to trade above $115 for multiple days, this would invalidate our analysis and will consider cutting losses on the trade. We also will consider cutting losses on this options trade if the value of the vertical spread moves above $5.10.
