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SmarTrend Watching for Potential Pullback in Shares of Symantec Corp After 1.97% Gain

By Nick Russo

Symantec Corp (NASDAQ:SYMC) traded in a range yesterday that spanned from a low of $21.31 to a high of $21.76. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $21.59 on volume of 3.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Symantec Corp has traded in a range of $18.85 to $34.20 and is now at $21.71, 15% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.7%.

SmarTrend is tracking the current trend status for Symantec Corp and will alert subscribers who have SYMC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders symantec corp

Ticker(s): SYMC