From Wall Street Trader's Column
SYNAPTICS INC (SYNA) Nasdaq
Report No. 2194 Analysis by: Harry Aloof OCTOBER 22, 2006
SYNAPTICS INC (SYNA-Nasdaq): Technical Viewpoint: From a low of $23.18 on Sep 19, 2006 prices rallied, reaching a high of $25.35 on Sep 26, 2006. A decline saw prices pull back, reaching a low of $22.34 on Oct 11, 2006. Another rally saw prices penetrate resistance line "A", closing 10/20/06 at $28.06. Technicals: MACD Index (MACD): A Buy Alert! was given on Oct 20, 2006 when the solid line crossed the dotted line to the upside. Support: Remains at $23.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Oct 20, 2006. A P&F downside reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! SYNAPTICS INC (SYNA-Nasdaq) @ $28.50 Stop: Use a protective stop of $26.50. SYNAPTICS INC is currently trading @ $28.06 plus $3.97 on Oct 20, 2006.
Price Objective: $39.50.
Risk/Reward: $2.00 VS. $11.00.
Today's Risk Reward Ratio: 5:1
10-23-2006, 03:11 AM
Synaptics (SYNA) 10/22/2006
Linear Mode
