Synopsys (SNPS) Recently Broke Out Above the 200-Day Moving Average

Synopsys (SNPS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, SNPS crossed above the 200-day moving average, suggesting a long-term bullish trend.The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.SNPS h ...