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SYMANTEC CORPORATION
(SYMC-Nasdaq):
Technical Viewpoint: From a low
of $53.10 on Oct 30, 2001 prices
rallied, reaching a
high of $62.64
on Nov 11, 2001. A
decline saw prices pull back, reaching a
low of
$56.44 on Nov 12, 2001.
Another rally saw prices penetrate
resistance, closing 11/19/01
at $64.04. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 8, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 13, 2001. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! SYMANTEC CORPORATION
(SYMC-Nasdaq) @ $64.75 Stop: Use a protective stop of $61.88.
SYMANTEC CORPORATION is currently trading @ $64.04 plus $2.97 on Nov 19, 2001. Price Objective:
$89.00. Risk/Reward: $2.88 VS. $24.25. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$89.00
Risk/Reward:
$2.88 VS. $24.25
Risk/Reward Ratio:
8:1
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