SYMANTEC CORP
(SYMC-Nasdaq):
Technical Viewpoint: From a low
of $56.44 on Nov 12, 2001 prices
rallied, reaching a
high of $71.13
on Dec 5, 2001. A
decline saw prices pull back, reaching a
low of
$65.25 on Dec 14, 2001.
Another rally saw prices penetrate
resistance, closing 12/18/01
at $69.77. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Dec 18, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $66.75. Resistance: Is at $71.00.
Point & Figure: Reversed to the upside on Dec 18, 2001. A P&F upside
reversal takes place at $70.00. Summary: Technical indicators have turned bullish. BUY! SYMANTEC CORP
(SYMC-Nasdaq) @ $70.13 Stop: Use a protective stop of $67.38.
SYMANTEC CORP is currently trading @ $69.77 plus $2.52 on Dec 18, 2001. Price Objective:
$81.00. Risk/Reward: $2.75 VS. $10.88. Today's Risk Reward Ratio: 4:1
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