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Synchrony Financ Bearish Moving Average Crossover Alert (SYF)

By Amy Schwartz

Today, shares of Synchrony Financ (NYSE:SYF) have crossed bearishly below their 10-day moving average of $30.48 on a volume of 976K 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.

In the past 52 weeks, shares of Synchrony Financ have traded between a low of $23.25 and a high of $38.05 and are now at $30.36, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 0.89% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Synchrony Financ on June 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.61. Since that recommendation, shares of Synchrony Financ have risen 4.4%. We continue to monitor SYF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses synchrony financ

Ticker(s): SYF