Synopsys Crosses Above its 10-day MA (SNPS)
Synopsys (NASDAQ:SNPS) shares have crossed bullishly above their 10-day moving average of $59.34 on a volume of 133K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Synopsys share prices have moved between a 52-week high of $60.00 and a 52-week low of $39.26 and are now trading 52% above that low price at $59.50 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Synopsys on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.32. Since that recommendation, shares of Synopsys have risen 35.7%. We continue to monitor SNPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses synopsys