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Symantec Corp (SYMC) Breaks Through Support at $19.06

By David Diaz

Symantec Corp (NASDAQ:SYMC) has opened bearishly below the pivot of $19.34 today and has reached the first level of support at $19.06. Investors may be interested in a cross of the next downside pivot targets of $18.90 and $18.46.

Symantec Corp (NASDAQ:SYMC) has potential upside of 21.1% based on a current price of $19.12 and analysts' consensus price target of $23.16. The stock should find initial resistance at its 50-day moving average (MA) of $20.85 and further resistance at its 200-day MA of $25.71.

Over the past year, Symantec Corp has traded in a range of $17.81 to $34.20 and is now at $19.12, 7% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.6%.

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: pivot alerts symantec corp

Ticker(s): SYMC