SYNNEX (SNX) Bearish Technical Alert - Trend Down 7.3%

SYNNEX (NYSE:SNX) is trading 1% lower (down $0.26 to $25.15) today on volume of 85,841 shares. The stock has traded within a 52-week range of $8.63 and $33.02.

SYNNEX is currently below its 50-day moving average of $30.07 and should find support at its 200-day moving average of $23.90.

SmarTrend is bearish on shares of SNX and our subscribers received a Downtrend alert on October 27, 2009 at $27.13, which has returned 7.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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Related terms: market, nyse, securities