Fidelity National Financial, Inc. (FNF)

Fidelity National has been range trading for the past 2 years now with an upper resistance of $16.  Recently FNF broke out of the $15 resistance.  A retest of the $16 should be expected.  If that level breaks it could signal a nice uptrend to the 2008 levels of around $20.  Currently the P/E ratio sits at 9.43 and a leading P/E of 12.34.  The industry average P/E is 10.86.  If a closer to competitor P/E is obtained this should be trading around $17-$18 a share.  Book value per share is $15.30, bringing the P/B ratio to .97, indicates an undervalued company.  It's important to note Fidelity has a beta of .64, showing lower market risk, and pays out a nice 3.20% dividend.  A break of $16 is key for FNF to move higher.  The earnings announcement tomorrow, 4/28/11, may or may not prove to be a significant catalyst.

via StockCharts.com
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