Traders should now look for long-biased trades in SYN as long as it's trending above its 50-day at $1.80 and then once it sustains a move or close above those breakout levels with volume that hits near or above 57,716 shares. If that breakout triggers soon, then SYN will set up to re-test or possibly take out its next major overhead resistance levels at $2.40 to $2.55. Any high-volume move above $2.55 will then put its 52-week high at $2.95 into range for shares of SYN.
To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
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