Are you looking for a fintech stock that may be on the verge of a major breakout? Look no further than Fidelity National Information Services (FIS), a holding of the Financial Select Sector SPDR ETF (XLF). While FIS may not be as well-known as some other financial firms, it’s worth keeping an eye on for potential growth opportunities.
FIS has a long history, dating back more than 50 years through various acquisitions and name changes. With a market cap of $42 billion and a spot in the S & P 500, FIS is a unique player in the financial technology space. In fact, it’s also a member of the iShares Russell Midcap ETF (IWR), highlighting its diverse classification within the market.
While FIS has seen more moderate growth compared to the XLF in recent years, the stock has shown signs of life with a 66% increase since October 2023, outpacing the financial sector’s 38% gain. This potential breakout is further supported by a large inverse head & shoulders pattern forming, indicating a possible upward trend in the near future.
Additionally, a closer look at FIS’s moving averages over the past few years suggests a long-term trend shift towards higher levels. As the stock continues to trade above these averages, the overall trend remains positive and the breakout potential becomes even more promising.
At Extreme Investor Network, we believe in identifying unique investment opportunities that may be overlooked by others. With our expert analysis and market insights, we strive to provide valuable information to help investors make informed decisions. Stay tuned for more updates on emerging trends and potential breakout stocks like FIS. Invest wisely and stay ahead of the curve with Extreme Investor Network.