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Upgrade Alert for Symantec (SYMC)

By David Diaz

Symantec (NASDAQ:SYMC) was upgraded from Sell to Buy at UBS today. The stock closed yesterday at $20.47 on volume of 23.7 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.

Over the past year, Symantec has traded in a range of $16.14 to $26.16 and closed yesterday at $20.47, 27% above that low. The 200-day and 50-day moving averages have moved 0.66% lower and 1.33% lower over the past week, respectively.

Symantec has overhead space with shares priced $20.47, or 13.2% below the average consensus analyst price target of $23.57. Symantec shares have support at the 200-day moving average (MA) of $19.87 and additional support at the 50-day MA of $18.21.

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