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Fiserv - FISV - close: 55.71 change: +0.66 stop: 53.99

Company Description:
Fiserv, Inc., a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 18,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. (source: company press release or website)

Why We Like It:
I hesitate to add a new play to the newsletter this week. Volume is going to be very light all week long and our bias isn't very bullish for January at this time. However, we can't deny that FISV is on the verge of a significant bullish breakout. The stock has been consolidating under resistance near $56.00 for about three months now. If shares can breakout it could be a quick rally toward resistance near $60.00. We're suggesting a trigger to buy the stock at $56.11. If triggered our short-term target is the $59.75-60.00 range. FYI: If FISV can trade over $56 it would produce a new triple-top breakout buy signal on the P&F chart.

Picked on December xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 01/31/08 (unconfirmed)
Average Daily Volume: 1.5 million

New Short Plays

None today.

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