Trading Lower on Heavy Volume are Shares of Synaptics on 1.3x Above-Average Volume (SYNA)
Shares of Synaptics (NASDAQ: SYNA) are trading down 1.1% to $26.08 today on above average volume. Approximately 1.2 million shares have traded hands today vs. average 30-day volume of 533,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of SYNA to see if this bearish momentum will continue.
SmarTrend is bearish on shares of Synaptics and our subscribers were alerted to sell on August 10, 2010 at $29.09. The stock has fallen 10.3% since the alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
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