Shares of Synopsys Inc. (SNPS) May Continue to Fall
Published on 07/21/2010 by Leo Goldman
Shares of SNPS touched the 50-day moving average from below but failed to traverse above the widely
watched resistance line of $21.60. If the stock stays below the critical 50-day moving average, then
investors may continue to sell the shares in anticipation of a downward price move.
Shares of Synopsys Inc. closed at $21.54 in the previous trading session and opened today at $21.61.
SNPS is currently trading at $21.17, down $0.37 (-1.72%) in today's trading session.
The shares of the stock are trading between $21.15 and $21.70. Today's price shift was accompanied by a volume of 879,333 shares which
is less than the average volume of 1,468,670 shares.
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