Symantec (SYMC) Breaks Through Resistance at $24.66
Shares of Symantec (NASDAQ:SYMC) have bullishly opened above the pivot of $24.52 today and have reached the first resistance level of $24.66. Investors may be interested in a cross of the next upside pivot targets of $24.85 and $25.18.
Based on a current price of $24.61, Symantec is currently 1.9% above its average consensus analyst price target of $24.15. The stock should discover initial support at its 50-day moving average (MA) of $21.74 and subsequent support at its 200-day MA of $18.12.
Over the past year, Symantec has traded in a range of $13.06 to $24.91 and is now at $24.61, 88% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.8%.
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 26.8%. We continue to monitor SYMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts Symantec