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Fidelity Southern Corporation (NASDAQ:LION) Stock Closed Over Its 50 Day Moving Average

The stock is trading at $23.54 which is a tad above $22.07, the 50 day moving average and marginally over the 200 day moving average of $22.09. The 50 day moving average went up by +6.66% whereas the 200 day average was up by +6.56%. (NASDAQ:LION) shares saw light trading volume with 450 shares changing hands in the last trading session. Trading volume was down 99.39% under the stocks average daily volume.

Traders are a little more bearish on shares of Fidelity Southern Corporation lately as evidenced by the increase in short interest. The company experienced a rise in short interest of 5.27% between August 15, 2017 and August 31, 2017. Short interest increased from 927,209 to 976,067 over that timeframe. With short interest at 976,067 and short average daily volume at 65,815, the short-interest ratio is 15.0 and the percentage of shorted shares is 0.04% as of August 31.

There has been some buying and selling insider activity on Fidelity Southern Corporation (NASDAQ:LION) recently. Director W. Clyde Iii Shepherd bought 184 shares at an average price of $21.66 on Fri the 8th. That brings Shepherd’s holdings to $6,603,003 per an SEC filing yesterday. David R. Bockel, Director disclosed the sale of 5,700 shares. The shares were purchased at an average price of $22.05. Bockel now owns $658,131 of the stock according to the SEC filing.

Trump's Delicious Tax Cut

According to the IRS’s latest estimates, “The average burden for taxpayers filing Form 1040 is about 15 hours and $280.” Meanwhile, “business taxpayers are expected to have an average burden of about 22 hours and $430.” All told, taxpayers spend some 6 billion hours and $195 billion on tax preparation annually. This entire enterprise is governed by the 10,928 page U.S. tax code, whose prose is as dense as tropical hardwood.

Trump’s answer to this mess:

“Under our plan,” he said, “95 percent of Americans will be able to file their tax returns on a single page without having to keep receipts, fill out schedules, or track endless paperwork.”

Trump’s much-welcome simplification initiative faces two immediate speed bumps:

Congressional Republicans from high-tax, left-wing states such as California and New York are squirming to keep the state-and-local-tax deduction. Dumping that loophole, however, will make Sacramento’s and Albany’s high-tax ways sting. And that would encourage such taxpayers to demand lower taxes from their governors, state lawmakers, mayors, and city councils. металлы металлопрокат ульяновск.