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Synopsys Inc Crosses Above its 10-day MA (SNPS)

By Shiri Gupta

Synopsys Inc (NASDAQ:SNPS) crossed over its 10-day moving average of $116.93 on a volume of 122K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Synopsys Inc share prices have been bracketed by a low of $79.14 and a high of $119.23 and are now at $117.13, 48% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.3%.

SmarTrend is tracking the current trend status for Synopsys Inc and will alert subscribers who have SNPS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses synopsys inc

Ticker(s): SNPS