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Weekly Base Forming in Leading Semi Software/Design Stock

Weekly Base Forming in Leading Semi Software/Design Stock

by | Mar 22, 2022 | Chart SetUps

Synopsys (SNPS) nearing a multi-week base breakout above $320 after pulling back to the 55-week MA following a big trend run higher from the March 2020 lows. A move higher has room to the prior highs near $360. Shares hitting the weekly ‘ready to run’ scan today with momentum starting to inflect higher with both MACD and RSI nearing a bullish cross.