Could Synopsys (SNPS stock) fall towards the 295 level?

AAATrade Team AAATrade

Today’s instrument is the Synopsys inc. stock, a company that provides electronic design automation software products used to design and test integrated circuits, which is traded in Nasdaq under the ticker SNPS.

Looking at the SNPS’s chart, we can see that it was lastly traded at around $323.60.

Today it is announcing its quarterly earnings and if the market’s anticipation is positive then we should expect its price to rise towards its resistance level between $335-338 otherwise it could fall towards its support level at around $295-300.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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