Company Description: Synaptics Incorporated develops and supplies custom-designed human interface solutions that enable people to interact with various mobile computing, communications, entertainment, and other electronic devices. It targets the personal computer (PC) market and the market for digital lifestyle products, including portable digital music and video players, mobile phones, and other select electronic device markets with its customized interface solutions. The company provides custom interface solutions for navigation, cursor control, and multimedia controls for PC original equipment manufacturers (OEMs). In addition to notebooks, other PC applications for its technology include peripherals, such as keyboards, mice, and monitors, as well as desktop and PC remote control applications. The company’s solutions for the PC market primarily include the TouchPad, a touch-sensitive pad that senses the position of a person’s finger on its surface; the TouchStyk, an integrated pointing stick module; and dual pointing solutions, which combine both a TouchPad and a pointing stick into a single notebook computer enabling the users to use the interface of their choice. Synaptics’ user interface solutions for digital lifestyle products comprise the ScrollStrip and TouchRing, which are scrolling solutions that allow users to navigate through menus and content; LightTouch capacitive buttons, which provide illuminated button functionality; and MobileTouch, NavPoint, and ClearPad. The company sells its products to PC OEMs, as well as to various consumer electronics manufacturers primarily in the United States, Taiwan, China, Korea, Japan, Hong Kong, Switzerland, Singapore, and Malaysia. Synaptics Incorporated was founded in 1986 and is based in Santa Clara, California..

Our Analysis: The shares of Synaptics, Inc. 'SYNA' set a new yearly closing high yesterday on heavier than normal trading volume. In the process they completed a "cup pattern" with a measured move to our upper price target of $57.84/share. In the shorter term, the shares of 'SYNA' should continue to move higher and test $40.57/share, their all time closing high. If the shares of 'SYNA' close above this level it would be very bullish due to the fact that their is not any overhead resistance on the shares of 'SYNA' once it closes above that level. I see downside resistance on the shares of 'SYNA' @ $36.16/share, and have set my stops accordingly at $35.71/share