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Bullish Moving Average Cross by Synnex Corp (SNX)

By Nick Russo

Synnex Corp (NYSE:SNX) crossed over its 10-day moving average of $94.74 on a volume of 171K 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, Synnex Corp share prices have been bracketed by a low of $71.83 and a high of $126.99 and are now at $95.46, 33% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 1.24% higher over the past week, respectively.

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

Keywords: moving crosses synnex corp

Ticker(s): SNX