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Synovus Finl Looks to Continue to Trade Below its Annual-Low Share Price Today

By Nick Russo

Synovus Finl (NYSE:SNV) traded at a new 52-week low today of $44.60. So far today approximately 138,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

Synovus Financial Corp. provides financial services. The Company offers commercial, retail banking, and investment services. Synovus Financial serves customers in the United States.

Over the past year, Synovus Finlhas traded in a range of $44.60 to $57.40 and are now at $44.73. The 200-day and 50-day moving averages have moved 0.1% lower and 0.51% lower over the past week, respectively.

There is potential upside of 25.1% for shares of Synovus Finl based on a current price of $44.73 and an average consensus analyst price target of $55.97. Synovus Finl shares should first meet resistance at the 50-day moving average (MA) of $48.58 and find additional resistance at the 200-day MA of $51.03.

SmarTrend recommended that its subscribers protect gains by selling shares of Synovus Finl on June 25th, 2018 by issuing a Downtrend alert when the shares were trading at $54.29. Since that call, shares of Synovus Finl have fallen 16.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows synovus finl

Ticker(s): SNV