Factset Research Systems (NYSE:FDS) shares have crossed bearishly below their 10-day moving average of $93.99 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Factset Research Systems has overhead space with shares priced $90.60, or 4.1% below the average consensus analyst price target of $94.50. Factset Research Systems shares should first meet resistance at the 50-day moving average (MA) of $92.24 and find additional resistance at the 200-day MA of $96.17.
FactSet Research Systems Inc. supplies global economic and financial data to analysts, investment bankers, and other financial professionals. The Company combines databases from multiple suppliers into a single online source of information and analytics, including fundamental data.
In the past 52 weeks, shares of Factset Research Systems have traded between a low of $85.38 and a high of $109.20 and are now at $90.60, which is 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.