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Bearish Moving Average Cross by Synaptics Inc (SYNA)

By Shiri Gupta

Today, shares of Synaptics Inc (NASDAQ:SYNA) have fallen below their 10-day MA of $49.98 on a volume of 295K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Synaptics Inc has traded in a range of $33.73 to $57.32 and is now at $49.40, 46% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Synaptics Inc on June 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.76. Since that recommendation, shares of Synaptics Inc have risen 6.5%. We continue to monitor SYNA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses synaptics inc

Ticker(s): SYNA