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Synopsys Inc Bullish Moving Average Crossover Alert (SNPS)

By James Quinn

Synopsys Inc (NASDAQ:SNPS) crossed over its 10-day moving average of $77.14 on a volume of 139K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Synopsys Inc has traded in a range of $50.97 to $79.66 and is now at $77.28, 52% above that low. The 200-day and 50-day moving averages have moved 0.11% lower and 0.62% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Synopsys Inc on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.82. Since that recommendation, shares of Synopsys Inc have risen 24.2%. We continue to monitor SNPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses synopsys inc

Ticker(s): SNPS