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Watch for Symantec Corp to Potentially Rebound After Falling 1.00% Yesterday

By David Diaz

Symantec Corp (NASDAQ:SYMC) traded in a range yesterday that spanned from a low of $29.56 to a high of $29.94. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $29.65 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Symantec Corp has traded in a range of $19.87 to $33.22 and is now at $29.64, 49% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.7%.

SmarTrend is monitoring the recent change of momentum in Symantec Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Symantec Corp in search of a potential trend change.

Keywords: rebounders symantec corp

Ticker(s): SYMC