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Synaptics Works On Right Side Of Base.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Nancy Gondo
Synaptics hit an all-time high Jan. 26 before gradually pulling back to just below its 200-day line over the next two months. It looks like a handle may have formed April 23 but it's in the lower half of the base, which can make a breakout more prone to failure. Four up weeks on above-average volume balance out four down weeks. You'd want to see up weeks outweigh down weeks as the base rounds out.
The maker of products for laptop computers and other portable electronic devices grew its profit and sales more than 30% the past three quarters, though that's expected to slow in the ...
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