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Bullish Moving Average Cross by Synaptics Inc (SYNA)

By Nick Russo

Synaptics Inc (NASDAQ:SYNA) shares have crossed bullishly above their 10-day moving average of $47.98 on a volume of 212K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Synaptics Inc have traded between a low of $33.73 and a high of $69.45 and are now at $49.23, which is 46% 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 Inc on February 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.04. Since that recommendation, shares of Synaptics Inc have risen 6.3%. 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