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Synopsys Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Synopsys Inc (NASDAQ:SNPS) traded today at a new 52-week high of $123.90. This new high was reached on below average trading volume as 359,000 shares traded hands, while the average 30-day volume is approximately 876,000 shares.

In the past 52 weeks, Synopsys Inc share prices have been bracketed by a low of $79.14 and a high of $123.90 and are now at $122.87, 55% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.1%.

Synopsys Inc (NASDAQ:SNPS) defies analysts with a current price ($122.87) 11.8% above its average consensus price target of $108.40. Synopsys Inc shares have support at the 50-day moving average (MA) of $115.45 and additional support at the 200-day MA of $98.76.

Synopsys, Inc. supplies electronic design automation solutions to the global electronics market. The Company provides design technologies to creators of advanced integrated circuits, electronic systems, and systems on a chip. Synopsys also provides consulting services and support to its customers to streamline the overall design process and accelerate time to market.

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: 52 week high/lows synopsys inc

Ticker(s): SNPS