Aiming for $116.93 with Bullish MomentumSynaptics (SYNA) is showing strong bullish momentum, with the potential to fill a gap at the $73.50 level. A successful push through the $83.50 resistance level would signal further strength, targeting the next major monthly resistance at $102.50. With a favorable 7.28 risk-to-reward ratio, this presents a solid opportunity for traders to capitalize on potential upside, while managing risk with a stop-loss at $71.00.
Synaptics continues to expand its footprint in the semiconductor industry, particularly with its innovations in human interface solutions, IoT, and AI integration, making it well-positioned for long-term growth. As these sectors evolve, SYNA could see increased demand, pushing it toward the ultimate target of $116.93.
NASDAQ:SYNA