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Bearish Moving Average Cross by Synaptics (SYNA)

By Amy Schwartz

Synaptics (NASDAQ:SYNA) crossed under its 10-day moving average of $58.52 on a volume of 193K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Synaptics have traded between a low of $47.00 and a high of $102.50 and are now at $57.33, which is 22% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

SmarTrend recommended that subscribers consider buying shares of Synaptics on April 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.76. Since that recommendation, shares of Synaptics have risen 5.1%. We continue to monitor SYNA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses synaptics

Ticker(s): SYNA