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Synnex Corp Crosses Above its 10-day MA (SNX)

By Shiri Gupta

Today, shares of Synnex Corp (NYSE:SNX) have advanced above their 10-day MA of $94.28 on a volume of 368K 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.

In the past 52 weeks, Synnex Corp share prices have been bracketed by a low of $71.83 and a high of $111.74 and are now at $100.88, 40% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

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

Keywords: moving crosses synnex corp

Ticker(s): SNX