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SNX Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Tuesday, June 7, 11:09 AM ET
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In trading on Tuesday, shares of Synnex Corp (NYSE:SNX) crossed below their 200 day moving average of $30.95, changing hands as low as $30.70 per share. Synnex Corp shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of SNX shares, versus its 200 day moving average:

Synnex Corp 200 Day Moving Average Chart

Looking at the chart above, SNX's low point in its 52 week range is $22.62 per share, with $36.72 as the 52 week high point that compares with a last trade of $31.18.

SNX operates in the Information Technology Services sector, among companies like Gartner, Inc. (NYSE:IT) which is up about 0.1% today, and Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) trading higher by about 1.1%. Below is a three month price history chart comparing the stock performance of SNX, versus IT and MDRX.

SNX,IT,MDRX Relative Performance Chart


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