Rashad

SYNA Possible Bottom or Break Down

NASDAQ:SYNA   SYNAPTICS INC
9 0 0
In the short term, it would appear that a descending triangle has formed as SYNA             tests the support line. This downward movement is more or less being caused by a sell off in equities triggered by Greece. A break below support may carry SYNA             to 78. However SYNA             is near 2 STDEV's and has remained oversold now for a while. A correction may be possible. For the long term I AM BULLISH on SYNA             and biometrics. SYNA's low enterprise multiple and being an industry leader makes it a possible takeover target. As well, many analysts firms have high price ratings on SYNA             going forward. SYNA             in the long run will definitely benefit from the proliferation of the internet of things.
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