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Syntel Bearish Moving Average Crossover Alert (SYNT)

By David Diaz

Today, shares of Syntel (NASDAQ:SYNT) have fallen below their 10-day MA of $26.09 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Syntel share prices have been bracketed by a current low of $22.43 and a high of $50.92 and are now at $23.03. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Syntel on July 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $43.86. Since that call, shares of Syntel have fallen 39.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Syntel

Ticker(s): SYNT