Stock Of The Day: Is Synopsys Setting Up For A Recovery?
Shares of Synopsys, Inc. SNPS are rebounding on Thursday. The stock was crushed on Wednesday, dropping by more than 35% after posting earnings, but there is a good chance the rebound continues.This is why we have made Synopsys the Stock of the Day.In the stock market, certain price levels have more importance than others. As you can see on the chart, that's the case with the $381 level for Synopsys. It has been important since it was resistance in January 2022.When the shares rallied back to this price in A ...