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Synchronoss Technologies Inc Breaks Above 200-Day Moving Average - Bullish for SNCR

By Market News Video Staff, Monday, December 5, 2:32 PM ET
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In trading on Monday, shares of Synchronoss Technologies Inc (NASDAQ:SNCR) crossed above their 200 day moving average of $29.99, changing hands as high as $31.18 per share. Synchronoss Technologies Inc shares are currently trading up about 6.7% on the day. The chart below shows the one year performance of SNCR shares, versus its 200 day moving average:

Synchronoss Technologies Inc 200 Day Moving Average Chart

Looking at the chart above, SNCR's low point in its 52 week range is $22.54 per share, with $35.90 as the 52 week high point that compares with a last trade of $31.14.

SNCR operates in the Application Software sector, among companies like Autodesk Inc. (NASDAQ:ADSK) which is up about 1% today, and Red Hat Inc (NYSE:RHT) trading up by about 4.5%. Below is a three month price history chart comparing the stock performance of SNCR, versus ADSK and RHT.

SNCR,ADSK,RHT Relative Performance Chart


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