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Synaptics Bearish Moving Average Crossover Alert (SYNA)

By Amy Schwartz

Synaptics (NASDAQ:SYNA) crossed under its 10-day moving average of $49.01 on a volume of 120K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Synaptics share prices have moved between a 52-week high of $102.50 and a 52-week low of $47.09 and are now trading 3% above that low price at $48.49 per share. The 200-day and 50-day moving averages have moved 0.44% lower and 1.21% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Synaptics and will alert subscribers who have SYNA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses synaptics

Ticker(s): SYNA