Weekly Base Forming in Leading Semi Software/Design Stock
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.