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Bullish Moving Average Cross by Synopsys (SNPS)

By James Quinn

Synopsys (NASDAQ:SNPS) crossed over its 10-day moving average of $54.43 on a volume of 131K 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 Synopsys have traded between a low of $39.26 and a high of $55.21 and are now at $54.55, which is 39% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 0.62% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Synopsys on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.32. Since that recommendation, shares of Synopsys have risen 25.4%. We continue to monitor SNPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses synopsys

Ticker(s): SNPS