FISV (Fiserv Inc) was added as both an Active Short Trade as well as a Short Setup near the top of its bearish rising wedge pattern in this post on July 23rd. As expected, the stock moved lower from that point and has recently been tapping on the bottom of the wedge pattern, which is also the bottom of this much larger ascending price channel as viewed on the weekly chart below. I wanted to point this out as a break below that multi-year uptrend line (bottom of the wedge & the price channel) will trigger the next entry on what I feel is one of the better looking swing short trade ideas at this time. Remember, I can’t give specific price trigger levels on breakouts above/below trendlines as the price level of a trendline changes every day (only horizontal support & resistance levels are static). Therefore, it is best replicate the trendline on your own chart and set a price alert for a break below the trendline, assuming that you are interested in this or any trade idea using a trendline break as the entry criteria.

click here to view the live daily chart of FISV          click here to view the live weekly chart of FISV