+6.7% FIS Move Is Not Yet a Trend Reversal

I see the +6.7% session gain as a sharp bounce, not evidence that the downtrend has turned. FIS remains down 31.5% over three months and 53.8% over 12 months, and sits only 6.7% above its 52-week low; there is no provided evidence of higher highs. The fundamentals are better than the price action: Q3 revenue rose 27.1%, net income 34.8%, and free cash flow 17.8%. But estimates still point to pressure, with Q4 EPS forecast down 16.0% year over year and 2027 EPS down 6.5%. The 4.5x trailing P/E and 9.2% median-target upside look inexpensive, but don’t override my trend rules. This move does not change my view: I stay out and hold cash until the trend improves.