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Synovus Financial Crosses Above its 10-day MA (SNV)

By Amy Schwartz

Synovus Financial (NYSE:SNV) crossed over its 10-day moving average of $32.56 on a volume of 328K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Synovus Financial share prices have been bracketed by a low of $25.48 and a high of $33.80 and are now at $32.78, 29% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 1.00% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Synovus Financial on July 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.26. Since that recommendation, shares of Synovus Financial have risen 6.7%. We continue to monitor SNV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses synovus financial

Ticker(s): SNV