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Synchrony Financ Crosses Above its 10-day MA (SYF)

By Nick Russo

Synchrony Financ (NYSE:SYF) shares have crossed bullishly above their 10-day moving average of $34.18 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Synchrony Financ share prices have moved between a 52-week high of $40.59 and a 52-week low of $23.25 and are now trading 48% above that low price at $34.36 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Synchrony Financ on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $36.65. Since that call, shares of Synchrony Financ have fallen 7.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses synchrony financ

Ticker(s): SYF