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Synaptics Inc: New 52-Week Low Set Today (SYNA)

By James Quinn

Shares of Synaptics Inc (NASDAQ:SYNA) traded today at $39.89, breaking its 52-week low. So far today approximately 252,000 shares have been exchanged, as compared to an average 30-day volume of 809,000 shares.

Synaptics Incorporated develops custom-designed user interface solutions. The Company's solutions enable people to interact with a variety of mobile computing and communications devices. Synaptics offers a touch-sensitive pad that senses the position of a person's finger on its surface to provide screen navigation, cursor movement, and a platform of interactive input.

In the past 52 weeks, shares of Synaptics Inc have traded between the current low of $39.89 and a high of $69.45 and are now at $40.46. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

Potential upside of 56.3% exists for Synaptics Inc, based on a current level of $40.46 and analysts' average consensus price target of $63.22. Synaptics Inc shares should first meet resistance at the 200-day moving average (MA) of $78.51 and find additional resistance at the 50-day MA of $80.38.

SmarTrend is monitoring the recent change of momentum in Synaptics Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Synaptics Inc in search of a potential trend change.

Keywords: 52 week high/lows synaptics inc

Ticker(s): SYNA