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Bearish Moving Average Cross by Synopsys Inc (SNPS)

By David Diaz

Synopsys Inc (NASDAQ:SNPS) crossed under its 10-day moving average of $92.47 on a volume of 120K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Synopsys Inc share prices have moved between a 52-week high of $94.80 and a 52-week low of $76.61 and are now trading 20% above that low price at $92.03 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in Synopsys Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Synopsys Inc in search of a potential trend change.

Keywords: moving crosses synopsys inc

Ticker(s): SNPS