SYMANTEC CORP
(SYMC-Nasdaq):
Technical Viewpoint: From a low
of $31.54 on Sep 27, 2001 prices
rallied, reaching a
high of $60.03
on Oct 25, 2001. A
decline saw prices pull back, reaching a
low of
$53.10 on Oct 30, 2001.
Another rally saw prices penetrate
resistance, closing 11/1/01
at $58.06. 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 $54.00. Resistance: Is at $60.00.
Point & Figure: Reversed to the upside on Nov 1, 2001. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! SYMANTEC CORP
(SYMC-Nasdaq) @ $58.38 Stop: Use a protective stop of $55.75.
SYMANTEC CORP is currently trading @ $58.06 plus $3.07 on Nov 1, 2001. Price Objective:
$71.00. Risk/Reward: $2.63 VS. $12.63. Today's Risk Reward Ratio: 5:1
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