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Synopsys Inc: The Winning Streak Continues (SNPS)

By Nick Russo

Shares of Synopsys Inc (NASDAQ:SNPS) traded at a new 52-week high today of $108.72. This new high was reached on below average trading volume as 318,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Synopsys Inc (NASDAQ:SNPS) defies analysts with a current price ($108.72) 0.3% above its average consensus price target of $108.40. Synopsys Inc shares have support at the 50-day moving average (MA) of $96.39 and additional support at the 200-day MA of $92.78.

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.

In the past 52 weeks, shares of Synopsys Inc have traded between a low of $79.14 and a high of $108.72 and are now at $108.72, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.0%.

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 24.9%. We continue to monitor SNPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows synopsys inc

Ticker(s): SNPS