Entry level $139 = Price target $150
P/E ratio 33.61
Average analysts price target $136 | BUY
Company profile
Synopsys, Inc. engages in the provision of software products and consulting services in the electronic design automation industry. It provides intellectual property products, which are pre-designed circuits that engineers use as components of larger...
LONG TRADE ENTRY POINTS $131 OR ON BREAKOUT ABOVE $139.
AVERAGE ANALYSTS PRICE TARGET $136
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
SHORT INTEREST 1.2%
COMPANY PROFILE
Synopsys, Inc. engages in the provision of software products and consulting services in the electronic design automation industry. It provides intellectual property products,...
SNPS stock has been moving with intermittent momentum runs and easily broke through the highs resistance from September 2018. It is now slowing down after huge gains. The stock is currently shifting sideways with a rising risk of heavy profit taking from the pro side.
The price is below 30MM, although the slope of 30MM is positive. If the price doesn't break the resistant, it will continue in phase 3. Think about to sell.
For my rules i can't buy stocks before a few days to earnings. But in this stock we have around three weeks and for my opinion it have a good prospects to growth
SNPS(Daily). Bull Flag.
Double bottom brake_out , Bull Flag.
D_bottom target reached. Limit1 exceeded.
Pennant like formation consolidation, brake_out.
WW 5'' potential, In case - Long entry on point 3, retest of triangle.
OBV brake_out.
Earnings due 20/5.
Synopsys, Inc. provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves. It provides software and hardware used to develop the electronic systems that incorporate chips and the software that runs on them. It provides technical services to support its solutions and help its customers develop chips and electronic systems. It is also a provider of software tools that developers use to develop software code in a range of industries, including electronics, financial services, energy, and industrials. It offers products and services in four categories: core EDA; IP, Systems and Software Integrity; Manufacturing Solutions, and Professional Services and Other.
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SNPS
![SNPS: [SNPS] Phase 3](https://s3.tradingview.com/c/cRqAyleR_mid.png "[SNPS] Phase 3")
![SNPS: SNPS potential long in uptrend [Swing, Half]](https://s3.tradingview.com/j/J5bxXTqi_mid.png "SNPS potential long in uptrend [Swing, Half]")
