Chart of the Day - Wednesday, September 10, 2025
September 10, 2025
🏆 Today's Chart of the Day was shared by Brian Shannon (@alphatrends).
- While Oracle ($ORCL) had its best day since 1992, surging +36% today, another large-cap software name, Synopsys ($SNPS), had its worst day since its IPO in 1992, tumbling nearly -36% after reporting earnings.
- $SNPS has been a multi-bagger over the past decade, surging more than +1,200% from 2015 through yesterday. The primary uptrend remains intact, but the stock is threatening to make a lower low, as it flirts with the April lows.
- Brian notes that $SNPS is testing the AVWAP from the Covid lows, around $400. It's already served as support three times since the pandemic, but $SNPS closed slightly below it today. Reclaiming it would be the first step toward a meaningful rebound, but sellers remain in control below this key AVWAP.
The Takeaway: Synopsys ($SNPS) just posted its worst day ever, dropping nearly -36%. With buyers failing to defend the AVWAP from the COVID lows, the path of least resistance is lower. However, reclaiming $400 would be the first step toward a meaningful rebound.