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Watch for Continued Gains in Shares of Syntel Inc (SYNT)

By Nick Russo

Shares of Syntel Inc (NASDAQ:SYNT) traded today at $39.53, breaking its 52-week high. So far today approximately 66,000 shares have been exchanged, as compared to an average 30-day volume of 587,000 shares.

Syntel Inc (NASDAQ:SYNT) is currently priced 26.7% above its average consensus analyst price target of $28.67. Syntel Inc shares have support at the 50-day moving average (MA) of $32.20 and additional support at the 200-day MA of $26.34.

Syntel, Inc. provides strategic information technology, business process outsourcing solutions to global 2000 companies. The Company's services support entire systems and process lifecycles for clients in the financial services, retail, healthcare, manufacturing, automotive industries, and among others. Syntel is SEI CMMi Level 5, ISO 27001 and ISO 9001:2008 certified.

Over the past year, Syntel Inc has traded in a range of $16.03 to $39.53 and is now at $39.11, 144% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.8%.

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

Keywords: 52 week high/lows syntel inc

Ticker(s): SYNT