Symantec (SYMC) Breaks Through Resistance at $21.94
Symantec (NASDAQ:SYMC) has opened bullishly above the pivot of $21.78 today and has reached the first level of resistance at $21.94. Investors may be interested in a cross of the next upside pivot targets of $22.22 and $22.66.
In the past 52 weeks, Symantec share prices have been bracketed by a low of $13.06 and a high of $22.32 and are now at $22.25, 70% above that low price. The 200-day and 50-day moving averages have moved 0.33% higher and 1.17% higher over the past week, respectively.
Symantec has overhead space with shares priced $22.25, or 8.0% below the average consensus analyst price target of $24.19. The stock should discover initial support at its 50-day moving average (MA) of $19.73 and subsequent support at its 200-day MA of $17.33.
SmarTrend recommended that subscribers consider buying shares of Symantec on January 2nd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.30. Since that recommendation, shares of Symantec have risen 15.4%. We continue to monitor SYMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts Symantec