The Synaptics' stock is well oriented and may continue its bullish trend in the coming trading sessions.

The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have recently revised upward their EPS estimates. The last EPS was at USD 1.57.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. Prices are now back to the USD 38.6 short term support corresponding to the 20-day moving average. Thus, the stock may bounce towards the USD 42.6 resistance.

In consequence, investors can take a long position in Synaptics with a first target price at USD 42.6. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed under the short term support at USD 38.6.