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Bearish Moving Average Cross by Syntel Inc (SYNT)

By Nick Russo

Syntel Inc (NASDAQ:SYNT) shares have crossed bearishly below their 10-day moving average of $33.35 on a volume of 204K 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 Syntel Inc have traded between a low of $15.88 and a high of $34.19 and are now at $31.73, which is 100% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.9%.

SmarTrend recommended that subscribers consider buying shares of Syntel Inc on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.75. Since that recommendation, shares of Syntel Inc have risen 37.7%. We continue to monitor SYNT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses syntel inc

Ticker(s): SYNT