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Upgrade Alert for Synaptics (SYNA)
Jan 25, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
Synaptics (NASDAQ:SYNA) was upgraded from Neutral to Outperform at Cowen and Company today. The stock closed yesterday at $32.55 on volume of 1.3 million shares, above average daily volume of 526,000. Synaptics (NASDAQ:SYNA) is currently priced 4.4% above its average consensus analyst price target of $31.12. Synaptics shares have support at the 50-day moving average (MA) of $28.36 and additional support at the 200-day MA of $27.67.
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, Synaptics share prices have been bracketed by a low of $22.58 and a high of $39.89 and closed yesterday at $32.55, 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Synaptics on November 28th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.40. Since that recommendation, shares of Synaptics have risen 23.3%. We continue to monitor SYNA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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