SYMANTEC CORP
(SYMC-Nasdaq):
Technical Viewpoint: From a low
of $57.30 on Sep 10, 2003 prices
rallied, reaching a
high of $66.00
on Sep 23, 2003. A
decline saw prices pull back, reaching a
low of
$61.41 on Sep 26, 2003.
Another rally saw prices penetrate
resistance, closing 10/1/03
at $65.97. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 28, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $61.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 1, 2003. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! SYMANTEC CORP
(SYMC-Nasdaq) @ $66.25 Stop: Use a protective stop of $63.75.
SYMANTEC CORP is currently trading @ $65.97 plus $2.78 on Oct 1, 2003. Price Objective:
$84.00. Risk/Reward: $2.50 VS. $17.75. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$84.00
Risk/Reward:
$2.50 VS. $17.75
Risk/Reward Ratio:
7:1
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