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Bearish Moving Average Cross by Symantec (SYMC)

By David Diaz

Today, shares of Symantec (NASDAQ:SYMC) have fallen below their 10-day MA of $17.97 on a volume of 6.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Symantec have traded between a low of $16.14 and a high of $26.16 and are now at $17.00, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Symantec on January 19th, 2016 by issuing a Downtrend alert when the shares were trading at $19.49. Since that call, shares of Symantec have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Symantec

Ticker(s): SYMC