Recently, the fall of the equity brought prices close to the midterm support line at USD 39.2 which acts as a protection wall from the downtrend. This area is expected to annihilate bearish possibilities and thus result in a bullish reversal. Technical indicators allow to aim bullish targets at USD 43.72, corresponding to a pullback on the trendline.
In sum, the USD 39.2 offers an interesting purchase level on Synchronoss Technologiesthat in fact has numerous positive indicators. The bullish target could be set over the short-term resistance at USD 43.7.
In order to protect the trade, a stop-loss could be triggered if prices fall under the midterm support.
Synchronoss Technologies, Inc. is a provider of white label cloud, messaging, digital and network management solutions that enable its customers to keep subscribers, systems, networks and content in sync. The Companyâs Synchronoss Personal Cloud solution is designed to create an engaging and trusted customer experience through ongoing content management and engagement. Its Synchronoss Personal Cloud platform is a white label platform that allows its customersâ subscribers to backup and protect, engage with, and manage their personal content and gives its operator customers the ability to increase average revenue per user (ARPU) and reduce churn. The Synchronoss Personal Cloud platform is designed to support smartphones, tablets, desktops computers, and laptops. Its Advanced Messaging platform is a messaging platform that expands capabilities for communications service provider and multi-service providers to offer Person-to-Person (P2P) messaging via Rich Communications Services (RCS).
SYNCHRONOSS TECHNOLOGIES, INC. 
