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Synchronoss Tech Falls 1.95% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Synchronoss Tech (NASDAQ:SNCR) traded in a range yesterday that spanned from a low of $5.00 to a high of $5.18. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $5.08 on volume of 246,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Over the past year, Synchronoss Tech has traded in a range of $4.96 to $9.05 and is now at $5.02, 1% above that low. The 200-day and 50-day moving averages have moved 0.19% lower and 2.5% lower over the past week, respectively.

Keywords: rebounders synchronoss tech

Ticker(s): SNCR