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Synovus Finl Crosses Below its 10-day MA (SNV)

By Amy Schwartz

Today, shares of Synovus Finl (NYSE:SNV) have crossed bearishly below their 10-day moving average of $53.57 on a volume of 136K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Synovus Finl share prices have moved between a 52-week high of $57.40 and a 52-week low of $40.27 and are now trading 33% above that low price at $53.39 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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

Keywords: moving crosses synovus finl

Ticker(s): SNV