Syntel Bullish Moving Average Crossover Alert (SYNT)
Syntel (NASDAQ:SYNT) shares have crossed bullishly above their 10-day moving average of $42.76 on a volume of 149K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Syntel has traded in a range of $40.68 to $50.92 and is now at $43.12, 6% above that low. 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 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Syntel