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Look for Shares of Synaptics Inc to Potentially Rebound after Yesterday's 1.11% Sell Off

By David Diaz

Synaptics Inc (NASDAQ:SYNA) traded in a range yesterday that spanned from a low of $80.70 to a high of $81.96. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $80.92 on volume of 74,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Synaptics Inc have traded between a low of $26.34 and a high of $84.75 and are now at $81.31, which is 209% above that low price. The 200-day and 50-day moving averages have moved 1.52% higher and 2.19% higher over the past week, respectively.

Keywords: rebounders synaptics inc

Ticker(s): SYNA