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Synchronoss Technologies: New 52-Week Low Set Today (SNCR)

By Nick Russo

Shares of Synchronoss Technologies (NASDAQ:SNCR) traded at a new 52-week low today of $10.36. This new low was reached on above average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 296,000 shares.

Synchronoss Technologies share prices have moved between a 52-week high of $51.48 and the current low of $10.36 and are currently at $10.72 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.9%.

Synchronoss Technologies (NASDAQ:SNCR) has potential upside of 361.5% based on a current price of $10.72 and analysts' consensus price target of $49.50. Synchronoss Technologies shares should first meet resistance at the 50-day moving average (MA) of $30.88 and find additional resistance at the 200-day MA of $35.15.

Synchronoss Technologies, Inc. provides e-commerce transaction management solutions to the communications services marketplace.

SmarTrend is monitoring the recent change of momentum in Synchronoss Technologies. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Synchronoss Technologies in search of a potential trend change.

Keywords: 52 week high/lows synchronoss technologies

Ticker(s): SNCR