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Shares of Synovus Financial Rise to a New 52-Week High

By David Diaz

Synovus Financial (NYSE:SNV) traded today at a new 52-week high of $23.30. So far today approximately 156,000 shares have been exchanged, as compared to an average 30-day volume of 7.9 million shares.

In the past 52 weeks, Synovus Financial share prices have been bracketed by a low of $2.60 and a high of $23.30 and are now at $23.18, 791% above that low price. Over the past week, the 200-day moving average (MA) has gone up 10.2% while the 50-day MA has advanced 30.0%.

Potential upside of 8.5% exists for Synovus Financial, based on a current level of $23.18 and analysts' average consensus price target of $25.15. The stock should find initial support at its 50-day moving average (MA) of $6.77 and further support at its 200-day MA of $4.23.

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.

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

Ticker(s): SNV