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Synaptics Bearish Moving Average Crossover Alert (SYNA)

By Shiri Gupta

Synaptics (NASDAQ:SYNA) crossed under its 10-day moving average of $52.48 on a volume of 372K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Synaptics has traded in a range of $47.09 to $102.50 and is now at $50.84, 8% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Synaptics on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $70.23. Since that call, shares of Synaptics have fallen 23.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses synaptics

Ticker(s): SYNA