In last evening’s Forecast Report, Synopsys (SNPS) signaled an open near 20.60. From there, a short sell target at 20.90 to 20.80 emerged.
This morning, the stock opened above our target, at 21.24 and moved to a pre-market high of 21.55, shy of our target. A sell at the pre-market high, as measured to the 21.10 hit late in pre-market trading, was 2.1% in the black. A sell there, as measured to the regular session low of 21.03, is 2.4% in the black.
