Shares of Synovus Financial Rise to a New 52-Week High
Shares of Synovus Financial (NYSE:SNV) traded today at $2.93, breaking its 52-week high. This new high was reached on below average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 9.9 million shares.
In the past 52 weeks, Synovus Financial share prices have been bracketed by a low of $1.81 and a high of $2.93 and are now at $2.92, 61% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.5%.
Synovus Financial Corp. is a financial services holding company that provides various financial services. The Company, through its subsidiaries, provides commercial and retail banking, as well as investment services, to customers in Georgia, Alabama, South Carolina, Florida and Tennessee.
Synovus Financial (NYSE:SNV) is currently priced 1.7% above its average consensus analyst price target of $2.87. The stock should discover initial support at its 50-day moving average (MA) of $2.73 and subsequent support at its 200-day MA of $2.57.
SmarTrend is monitoring the recent change of momentum in Synovus Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Synovus Financial in search of a potential trend change.
Keywords: 52 week high/lows synovus financial