First up is $15 billion financial firm Fiserv (FISV). At a glance, Fiserv's price performance has been pretty solid over the last six months or so; shares are up more than 13% over that stretch.
Solid as that may be, FISV has really done little more than keep pace with the broad market. That's not a knock against FISV in 2014, though. This stock's real gain potential is still ahead of it.
That's because FISV is currently forming an ascending triangle pattern, a bullish price setup that's formed by horizontal resistance above shares at $59 and uptrending support to the downside. In short, as Fiserv's stock bounces between those two technical price levels, it's getting squeezed closer and closer to a breakout above our $59 resistance price. When that happens, we have our buy signal.
Fiserv's ascending triangle trade has been forming since November, making it a longer-term setup. In turn, this stock comes with longer-term upside implications when the breakout above $59 does happen. If you decide to buy the move in FISV, keep a protective stop at $55.50.