Fiserv Inc Slammed After Earnings, Here The Trade Level

President & CEO Chief Market Strategist at IntheMoneyStocks.com • Feb 8, 2022 at 12:59 PM EST

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.

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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