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Upgrade Alert for Symantec (SYMC)

By David Diaz

Symantec (NASDAQ:SYMC) was upgraded from Neutral to Buy at BTIG today. The stock closed yesterday at $19.78 on volume of 24.3 million shares, above average daily volume of 8.1 million.

Symantec Corporation provides security, storage and systems management solutions to help businesses and consumers secure and manage their information. The Company offers software and services that protect, manage and control information risks related to security, data protection, storage, compliance and management.

There is potential upside of 19.2% for shares of Symantec based on a current price of $19.78 and an average consensus analyst price target of $23.57. The stock should find resistance at its 200-day moving average (MA) of $19.87, as well as support at its 50-day MA of $18.21.

Over the past year, Symantec has traded in a range of $16.14 to $26.16 and closed yesterday at $19.78, 23% 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 tracking the current trend status for Symantec and will alert subscribers who have SYMC in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades Symantec

Ticker(s): SYMC