NEW BULLISH Plays
Synaptics Inc. - SYNA - close: 39.99 change: +0.71
Stop Loss: 38.70
Current Gain/Loss: unopened
Entry on March -- at $--.--
Listed on March 27, 2013
Time Frame: 4 to 8 weeks
Average Daily Volume = 643 thousand
New Positions: Yes, see below
Why We Like It:
SYNA is in the computer peripheral industry.
Investors have been buying the dips in SYNA, especially near the rising 10-dma this past week. Now SYNA is poised to breakout past major resistance at the $40.00 level.
Today's high was $40.12. I am suggesting a trigger to open bullish positions at $40.25. If triggered our target is $44.50. More aggressive traders could aim a lot higher. The Point & Figure chart for SYNA is bullish with a long-term $72.00 target.
Trigger @ 40.25
Suggested Position: buy SYNA stock @ (trigger)