Fiserv Inc (FISV) is another earnings victim failing to impress Wall Street investors. The stock is trading lower by 5.16% to $100.45 a share. The company issued upside guidance for FY22, but that is not helping the shares today. Traders should note that the 200-week moving average was tested earlier today at $99.18 and is holding. This level proved to be short term support so far, but a weekly chart close below this key moving average is very negative in the near term.
The next major support level for Fiserv Inc (FISV) stock will be around the $90.00 area. This important support level is where the stock reversed higher in March 2020. This support area should be defended by the institutional crowd when tested. I will look to be a long side buyer around this key area.
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