Synaptics stock is likely to rebound in the upcoming sessions.

Fundamentals show great growth potential on Synaptics Incorporated joined to a sound financial situation. Sales and EPS forecasts are encouraging as suggested by the Thomson-Reuters consensus. Moreover, analysts covering the stock keep upgrading their EPS estimates, and target on average a 16% appreciation potential.

Graphically, the stock evolves within the USD 79/86 trading range in the short term. In the late sessions, prices came back on the lower limit of this range, on the USD 79.3 support, which coincidates with the 50-day moving average. Those technical thresholds are likely to allow a significant technical rebound.

Therefore, long positions can be opened on the security to benefit from this bullish potential. A first target price can be set near USD 86, and a stop loss should protect the position under USD 79.3.