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SYMANTEC CORP
(SYMC-Nasdaq):
Technical Viewpoint: From a low
of $22 5/8 on Jun 1, 1999 prices
rallied, reaching a
high of $28 1/2
on Jun 22, 1999. A
decline saw prices pull back, reaching a
low of
$25 1/2 on Jun 30, 1999.
Another rally saw prices penetrate
resistance, closing 7/12/99
at $29.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jul 1, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $26.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 9, 1999. A P&F upside
reversal takes place at $27 1/2. Summary: Technical indicators have turned bullish. BUY! SYMANTEC CORP
(SYMC-Nasdaq) @ $29 1/4 Stop: Use a protective stop of $27 1/8.
SYMANTEC CORP is currently trading @ $29.00 plus $1 5/8 on Jul 12, 1999. Price Objective:
$37.00. Risk/Reward: $2 1/8 VS. $7 3/4. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$37.00
Risk/Reward:
$2 1/8 VS. $7 3/4
Risk/Reward Ratio:
3:1
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