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Synovus Finl: The Winning Streak Continues (SNV)

By David Diaz

Synovus Finl (NYSE:SNV) traded at a new 52-week high today of $54.64. So far today approximately 89,000 shares have been exchanged, as compared to an average 30-day volume of 818,000 shares.

In the past 52 weeks, shares of Synovus Finl have traded between a low of $40.08 and a high of $54.64 and are now at $54.60, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

Potential upside of 2.5% exists for Synovus Finl, based on a current level of $54.60 and analysts' average consensus price target of $55.97. Synovus Finl shares have support at the 50-day moving average (MA) of $51.48 and additional support at the 200-day MA of $48.12.

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

SmarTrend recommended that subscribers consider buying shares of Synovus Finl on April 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.28. Since that recommendation, shares of Synovus Finl have risen 5.2%. We continue to monitor SNV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows synovus finl

Ticker(s): SNV