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

By James Quinn

Synopsys Inc (NASDAQ:SNPS) shares have crossed bearishly below their 10-day moving average of $119.23 on a volume of 323K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Synopsys Inc have traded between a low of $79.14 and a high of $123.90 and are now at $116.24, which is 47% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Synopsys Inc on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.50. Since that recommendation, shares of Synopsys Inc have risen 40.7%. We continue to monitor SNPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses synopsys inc

Ticker(s): SNPS