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Bullish Moving Average Cross by Synchronoss Technologies (SNCR)

By David Diaz

Synchronoss Technologies (NASDAQ:SNCR) shares have crossed bullishly above their 10-day moving average of $31.37 on a volume of 596K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Synchronoss Technologies share prices have been bracketed by a low of $20.33 and a high of $51.48 and are now at $33.71, 66% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.2%.

SmarTrend is tracking the current trend status for Synchronoss Technologies and will alert subscribers who have SNCR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses synchronoss technologies

Ticker(s): SNCR